Where's the Money?


If you owned this business, would you be nervous?

This chart is the Reserves of the HOA, as of 4/30/2025. Some questions:

How did Reserves go up $200,000 in May 2024, when the contribution to Reserves in the 2024 Budget was $0.00?

Reserves peaked in May 2024 at just over $1,000,000. Reserves have steadily declined since then, hitting $600,000 in March 2025. The contribution for Reserves in the 2025 Budget is $3,000. (In 2020, the contribution to Reserves was $163,965.)

How did Reserves drop in one month (February-March 2025) from approximately $900,000 to $600,000?

Reserves are not just one big pot of gold. Funds should be earmarked for projects that have life expectancies. Is there a report or a spreadsheet somewhere that explains what the Reserves are for, specifically?

See if you can find someone who knows. Listen carefully to the explanations given to you by board members or Finance Committee members.

Do you think the Treasurer should be someone who understands money? (Sort of a dumb question, isn't it?

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