What is Line 2330 - SCS Administrative Costs? Up 35%
Every month an amount shows up on the monthly financial statement for "SCS Administrative Costs". SCS is part of CAMS.
In December 2023 I attended the meeting of the Finance Committee and asked if anyone knew what those costs were? No one did. Line 2330 is on the Balance Sheet, and it seemed to me that Line should be on the Statement of Revenues & Expense. The November 2023 amount on Line 2330 was $26,693.38.
It doesn't seem to be a one-time bill; the amount changes every month.
One member of the Committee said she was "uncomfortable" with my attending, and the Committee voted for me to leave the meeting, which I did.
I attended the Finance Committee's December 2024 meeting. Before it even started, that same woman raised the objection to my being there, and again I left. As I left, I said, "My first phone call tomorrow morning will be to the FBI to report banking fraud." That got the attention of the CPA-homeowner on the Committee.
What has happened with Line 2330 - SCS Administrative Costs in 2025?
$29,292.38 January
$33,742.38 February
$35,637.38 March
$37,347.38 April
$37,197.38 May
$39,547.38 June
Why is the June amount 35% higher than in January?
Has the Finance Committee ever determined what those "Administrative Costs" are?
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