I have tried to figure out the financials and after speaking with the property management company was told because the HOA is a non profit and accounting is done differently! She admitted that even a CPA cannot figure it out. I cannot prove any wrongdoing if they cannot explain their system. I would like feedback for this. I have been trying to figure out the regime increase which I was told was 5%. When I calculate the percentage its different. Please do the math for me. $601,257. to $637,830. Thats for the master budget for 256 doors. (6.08%?) Then $24,000. to $28,558. which is for 24 doors (18.99%) Using these figures I cannot see how its only 5%. What am I not seeing?
