Stonebridge Ranch HOA Board Message to Homeowners | Finance Spotlight: How Association Finances Are Managed and Reviewed

At last week’s Annual Meeting, a brief overview of the Association’s finances was provided. Given the importance of this topic, the Association is providing additional context on how financial management and oversight are structured.

First, it is important to understand roles and accountability. The Stonebridge Ranch Community Association’s funds belong to the Association and are governed by the Board of Directors. As the Association’s managing agent, RealManage maintains the financial books and records, including processing assessments, paying Board-approved expenses, and preparing monthly financial reports for Board review.

In addition to ongoing financial management, the Association undergoes an independent financial audit each year. A licensed CPA firm reviews financial records, tests transactions, and evaluates internal controls. This independent process is designed to verify that financial statements are presented fairly and in accordance with standard accounting practices.

Stonebridge Ranch has consistently completed annual audits, and each audit has concluded that the Association’s financial statements are fairly presented. The 2025 year-end financials have been finalized, and the 2025 audit is currently in progress.

At no point have Association funds been missing, lost, or misappropriated. All funds are fully accounted for and reflected in the Association’s financial records.

The “$2 million” figure referenced in recent discussions does not represent missing money. It reflects the estimated cost of maintenance and capital projects that had been deferred over time. These items are part of normal reserve planning and infrastructure upkeep and are incorporated into the Association’s financial and reserve planning.

This distinction is important. Financial reporting shows where funds are held and how they are allocated. Capital planning reflects how and when those funds are used to maintain community assets. Both are reviewed regularly by the Board and independently evaluated through the annual audit process.

This layered structure is intentional. Management maintains the records, the Board provides oversight, and an independent CPA firm conducts annual reviews. Together, these processes are designed to ensure financial accuracy, accountability, and transparency.  Thank you.

Sincerely,

Stonebridge Ranch Board of Directors