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HOA must properly fund reserve account
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HOA must properly fund reserve account

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October 31, 2026 - 2:00 pm

Q: I am a homeowner, and was HOA board president from August 2019 to the end of 2023.

We started with a new management company in August 2025. We did not see financials from them until this past July, and it takes one month after a quarterly board meeting approval to receive three months of approved financials.

Can homeowners request copies of the monthly financial statements once the management company has completed them, but before the board approves them, so they don’t have to wait several months?

I am asking this question due to financial problems in our community. Starting in 2023 we have owed reserves from operations funds for almost three years with a total of $118,700, and at the end of 2025 this figure increased to $129,899.75 owed to reserves without one penny paid back in almost three years.

Our community is not doing well in other areas, but the financials are our biggest concern.…

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