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Board members press for audit after retained-earnings discrepancy and misfiled billings
Summary
Board discussion revealed a discrepancy between a previously reported $1,000,000 in retained earnings and current figures near $250,000; members called for an audit and forlot-by-lot billing reviews after misclassified "lava lots" and unpaid liens were discovered.
Treasurer's reporting and subsequent member remarks triggered concerns about missing funds and record-keeping. Speaker 6 said, "What I looked at today, we have retained earnings of about $250,000... I think there is $800,000 that needs to be accounted for," and urged the board to speed reconciliation and auditing.
Speaker 2 provided detail on account activity and liens: 60 liens processed 2020–2025 with a collectible amount of $79,644.23 and sample losses from a few misrecorded property sales totaling roughly $9,100. The board discussed moving verified member records into QuickBooks before issuing 2026 invoices and agreed to pursue an audit or independent review prior to the January elections.
