By Kristin Lahey, Treasurer

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As of May 1, I have officially stepped into the role of treasurer for our HOA. I spent more than 30 years in the accounting and finance profession, concluding my career in 2022 when I retired as CFO of Terra Dotta, a global education software company based in Chapel Hill. I’m excited for the opportunity to work alongside our very dedicated and talented board members as we continue serving our community.

 

I also would like to begin by extending a huge thank you to Scott Cannon, who served as treasurer and financial liaison for several years. Scott deserves tremendous credit for getting — and keeping — our financials in excellent shape and helping establish a strong financial foundation for the community.

 

As of the timeline for this newsletter, we have not yet received the April financial statements from William Douglas Management. However, based on currently available information, we have $143,000 in operating funds, $54,000 in reserve bank accounts and an additional $393,000 invested across 17 CDs. We also are tracking very well against budget, with March financials showing a favorable variance of about $5,000.

 

I look forward to keeping homeowners informed and maintaining the strong financial position of our community.