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Treasurer reports improving year-to-date finances but large delinquent balances remain
Summary
Treasurer reported YTD net income of $768,000 (about $24,000 better than plan) and operating expenses of $565,000; delinquent homeowner balances totaled roughly $59,358 across categories with $30,280.45 over 90 days as of May 31, 2026.
The Hidden Springs treasurer presented the association's financial snapshot for the year ending May 31, 2026. Net income year to date was reported at $768,000—$24,000 better than planned—while operating expenses were $565,000, $11,000 better than planned, leaving the association about $35,000 ahead of plan year to date. The minutes list delinquent account balances as: Current due $46.48; greater than 30 days $28,693.41; greater than 60 days $338.17; greater than 90 days $30,280.45.
Council noted the >90-days balance (~$30,280.45) is approximately $8,000 less than April's figure. The minutes state delinquent homeowner accounts have had access to the pool and fitness room turned off pending collection; staff reported collection files transferred to outside counsel Elam Burke for follow-up.
