A New Standard of Accountability
What the New Board Found –
After taking office, the newly elected Board began a routine of financial “due diligence “. . . reviewing contracts, expenses, and shared-service charges to ensure the Association’s finances were accurate and properly documented. During that review, the Board identified issues that required deeper examination, including:
- Contracts awarded without a competitive bid process
- Costs that appeared excessive for basic services
- Potential conflicts of interest involving vendor and management relationships
- Shared-expense charges that appear to have been calculated in a manner favoring the Eastridge Property Owners Association (EPOA)
- Sharing of gate attendant, management, janitorial, and software costs
These findings triggered a broader, evidence-based review of Association expenses and disbursements connected to shared services and transfers.
Our Position on Transparency and Documentation
When financial questions arise, responsible governance requires documentation – clear invoices, contracts, and supporting records that allow the Board to verify legitimacy and accuracy. The Eastridge Hills Board has requested this documentation, including invoices and contracts, to confirm that charges billed to Eastridge Hills are correct and properly allocated.
To date, responses from EPOA and its management company have been slow – or in some instances, non-responsive.
Why the Board Is Withholding Transfers
The Eastridge Hills Board believes it would be irresponsible to continue transferring Association funds without receiving the documentation necessary to confirm that the charges are legitimate, correctly calculated, and supported by verifiable records.
Withholding transfers is not a political gesture. It is a protective measure.
The Board’s duty is to Eastridge Hills homeowners. Our obligation is fiduciary: To ensure every dollar collected from members is spent wisely, lawfully, and for the benefit of the Eastridge Hills community.
What Homeowners Should Know
You elected this Board to restore transparency, protect community resources, and manage the Association with care. That is exactly what we are doing. We won’t be pressured into unfair agreements that reduce our value.
We will continue pursuing full accounting and supporting documentation. We will continue reviewing past transactions objectively and methodically. And we will continue acting in the best interests of Eastridge Hills owners – without fear, without shortcuts, and without allowing pressure to replace proof.
Bottom line: We are watching out for you, and we will treat Association funds with the same caution we would demand if it were our own household budget – because it is your money.
