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Treasurer reports $574,000 cash balance; transfer fees on track
Summary
Treasurer reported a cash balance of about $574,000 held during an AMI-to-Keystone transition, year-to-date income of $656,900, and transfer-fee receipts of $66,000 against a $100,800 budget for 2025.
Hidden Springs' treasurer reported a high cash balance currently held until the AMI-to-Keystone billing merger completes.
Minutes state the association is holding about $574,000 in cash — roughly 55% of annual revenue — while the merger with Keystone is finalized. Year-to-date income is listed as $656,900. The transfer-fee budget for 2025 is $100,800, with $66,000 recorded through April; the minutes say the board is confident the transfer-fee budget will be met and that year-to-date expenses are in line with the approved budget.
The minutes note staff will seek better investment options once the merger is complete and account transitions are finished.
