Treasurer reports $192,000 in operating funds and ~718 delinquent accounts totaling about $521,000

In the meeting's financial report the treasurer provided an overview of the POA's accounts and current delinquency levels.

Key figures presented: the primary checking account balance was reported at about $192,000 and the investment checking account at about $299,000. The treasurer noted a security special assessment account and reserves, and cautioned that assessment revenue must be managed to cover known upcoming bills (a road repair bill of approximately $80,000 was mentioned as an expected outlay). The treasurer also said City & Village collected over $48,600 in assessment‑related revenue in July and that the entity paid $1,186 in bills that month.

On collections, the treasurer reported that as of the meeting there were approximately 718 delinquent owners owing roughly $521,000 in total; previous figures reported 238 delinquent owners at an earlier date, and 400 in November of the prior year, suggesting changes in the reporting window. The board discussed forthcoming lien issuance and noted that some lien processing was planned after the election.

Board members asked about the breakdown of delinquent accounts by lot vs. owner and the treasurer said that detailed categorization was not available in the packet for the 718 figure but provided context for earlier subsets. The finance materials and a fuller financial packet were to be posted online for owner access.

Next steps: the finance committee will post full financial packets online and proceed with planned lien activity and collections work as authorized by the board schedule.