2024 Annual Audit completed. WHERE IS IT?

You'll have to read the Manager's Report (dated February 24, 2026) in the Board Packet for the March 3, 2026 Board Meeting to learn that the long-awaited 2024 Annual Audit has been completed.

So, where is it? Why isn't it on the HOA's website by now?

At the meeting no summary of the Manager's Report was presented. It was only said that the Report was in the packet (which had been placed on chairs in the meeting room).

The 2024 Annual Audit was to be completed by August 31, 2025. However, the North Carolina CPA's bid wasn't even acceepted (at a bid of $7,039) until October 7, 2025! Whose fault was that?

I've wondered whether a 2024 Annual Audit was ordered earlier in the year. If not, why not? LaToya Adams was Board Treasurer then. Danny Trapp was Board President then. CAMS was the Property Manager then. Did it fall through the cracks?

The October 2025 Minutes were unclear. They failed to state that the Board was accepting the CPA's bid ($7,039) to start the 2024 Annual Audit. When I first read it, I thought his invoice for $7,039 was being approved for payment. 

The Manager's Report (2/24/2026) says that (his invoice) has been processed for payment. That should have required Board action last night.

From which account (and year) will the $7,039 be paid?

The 2025 Approved Budget had $5,000 in it for Line 6400 ("Accounting Tax"). Will the $7,039 come out of that? If the 12/31/25 Financial Operating Results were posted on the website, it would be easy to see how much was spent in 2025 out of the $5,000. (As of 8/31/25, $3,095.98 had been spent, leaving only $1904.02 with four months to go.)

The 2026 Proposed Budget has $5,000 in it for Line 6400 ("Accounting Tax"). Will the  $7,039 come out of where? Where will the other $2,039 come from?

Did the Treasurer or the Board think about that?

Famous last words: "We can't be out of money yet. We still have some checks left."

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