Presidio HOA Investigations Portal
Welcome to the Presidio HOA Investigations Portal. This website is created and maintained by a homeowner to provide transparency and access to HOA documents and financial information. This is NOT an official website provided by the Presidio HOA or the HOA management company.
Why This Site Exists
Missing documents, spending violations, and the need for transparency...
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CONCERN: Presidio HOA Board of Directors Approve 3 Straight Years of Dues Increases to Add to Reserves Yet No Reserve Transfers Since 2021 and a 2024 Grounds Improvements Expenditure of $160,000 was Spent Without a Homeowner Vote
Background:
Concerns about HOA finances have existed for some time, but action was prompted after three consecutive years of homeowner dues increases. These increases were justified as necessary to build reserves for future major projects, including sidewalk and street maintenance, and pool repairs.
The Issue:
Despite these purported reserve-building increases, the fiscal year 2024 financial statements show a line item of $160,000 for "Grounds Improvements". However, the 2019 Resolution regarding the spending of homeowners dues was passed that explicitly prohibits any expenditures exceeding $25,000 without a homeowner vote.
The Concern:
No homeowner vote appears to have taken place for this $160,000 expenditure as well as 2 additional projects exceeding the $25,000 threshold. These expenditures appears to violate the 2019 Resolution. The Investigation Tool is being used to gather all available information to determine if there are any other anomilies in spending that should be investigated, which would violate the spending Resolution. It is critically important to obtain the missing years of financial reports and the missing Board of Directors Meeting Minutes in order to review them and determine if there are any other violations.
📄 The 2019 Resolution document has been uploaded to the document library and is available here.
🚨 Sign the Petition for Financial Transparency
Join your fellow homeowners in requesting all missing financial documents that have been ignored. Your voice matters - help us ensure transparency and accountability.