The $445,336.86 Question

Q. "What happened to $445,336.86 in 2025?"

A. "We spent it."

Q. "On what? And WHO spent it?"

Cash assets of the HOA dropped $445,336.86 between 1/31/25 and 1/31/26. What explanation does the Board have for the Members (homeowners)?

Homeowners should wake up  and demand answers from the Board. It's a different board today than the board that spent it.

Last year's board was Trapp, Holmes, Pollin, Hill, Weatherbee, Bryant, Potter. Votes on important issues would have been 5-2.

This year's board is Bryant, Lummel, Potter, Turley-Moore, Holmes, Hill, Weatherbee. Votes on important issues will be 4-3.

The "4" should not go along with "business as usual". They should comply with the CC&Rs, By-Laws, Guides (such as the PRM), Robert's Rules of Order, and fiduciary responsibility. And common sense.

They should inform the Members what happened to the $445,336.86. They should tell the whole story about the $126,351.61 that was withdraw from Reserves and used to purchase an annuity. And on whose life the annuity is! And what they are doing to get a full refund of that payment.

Members should get a special communication from the Board President. Members should not have to wait until the May 5th Board Meeting!

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