August Financials Now Online

Do you ever look at the monthly financial statements of the HOA? If you do, all you are seeing is a snapshot. 

What's important is to look at what is happening month-to-month? For that, you must set up your own accounting system.

I have, and that may be one reason is that, twice, I was asked not to attend meetings of the Finance Committee. It seems to me they need all the help that they can get. They don't want it.

Over the past years I suggested to past Treasurers the-late George Reynolds and the still-breathing Vernell Butler that "Percent-of-Change" columns would reveal Line Items that might need close attention.

No help wanted from the peanut gallery. Not from residents. And especially not from Gus Philpott!

Look at the Variances listed in the August 31, 2025 financials. Variances are over-spending. Pretty important; right? I don't know where the HOA is taking the money from, but as of August 2025 the HOA has over-spent its budget (Y-T-D) by $83,356.95.

That Total is not shown on the page of Variances. It's up to you to add up the numbers and see the bad news. 

When you look at the list, you probably won't realize that Line 6500, Legal, is missing. That item is over-spent YTD by $2891.08, and the whoppers haven't come in yet. 

Danny and the lawyers were, I think, counting on me to lose their Motion for Contempt and had asked the Court to make me foot the bill. Surprise. I won; they lost. It's the HOA's expense.

Actually, it should not be the HOA's expense. The Board was prohibited from filing the lawsuit against me, and the Board never approved it or authorized Danny Trapp to file it. The HOA should send the bills to Danny Trapp for him to pay personally!

$83,356.95 - Chump-change; right? A big part of this is due to the bad decision made in private in October 2024 not to raise the dues, which was recommended by the Finance Committee. The Board never considered the 2025 Budget in public and never told the Members that it rejected the proposed increase of $50 in the annual assessment.

The approved 2025 Budget was insufficient to meet 2025 expenses. That's why these Variances occur. 

Why isn't the Treasurer commenting on these Variances every month?

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