Homeowners in single family attached homes have raised concerns about delayed maintenance and unresolved repairs. They pay assessments and deserve to understand what those payments cover, what work is scheduled, and when it will be completed.
I want a clear accounting that connects the money collected with the services delivered. That means looking at the budget, the maintenance schedule, the reserve plan, and the underlying financial records together.
Follow the investment records
I’m seeking a clear accounting of three reported investment or reinvestment approvals: $500,000, another $500,000, and $200,000—a combined $1.2 million in approvals. I’m asking for the Board authorizations, bank and brokerage statements, trade confirmations, and transaction records needed to follow what happened next.
Adding those approvals together does not establish $1.2 million in separate surplus funds or money available for repairs. Reinvestments can involve the same funds moving between investments. The records need to show which funds were involved, where they went, and what obligations they support.
Connect the money to the maintenance
For work that is the association’s responsibility, I want CMC to explain what was budgeted, what has been spent, what remains outstanding, and the schedule for completion. Residents also need a clear explanation of which repairs belong to the association and which are the homeowner’s responsibility.
Invested balances alone do not tell us whether money is available for a particular project. I’m asking how investment maturities, reserve commitments, and maintenance deadlines fit together.
Explain the assessment increases
Homeowners deserve to know why assessments increase and how those increases relate to operating costs, reserve needs, and the services they receive. If funds are described as surplus, what makes them surplus—and why can or can’t they be used for current needs?
That answer should come from a clear comparison of budgets, assessment rates, actual spending, and required future work. A cash balance by itself does not answer the question.
Homeowners deserve clear answers
I’m asking for the records and explanations needed to connect these pieces. These questions are requests for accountability, not a conclusion that money is missing.
I promised to get to work. The work starts now.