Issue link: https://imageup.uberflip.com/i/1540598
| OHCC LIVING | NOVEMBER 2025 | 5 The Executive Finance Committee met on Oct. 6 to review Aug. 31 financial statements. This review included comprehensive explanations of variances from the budget. Abbreviated financial statements are posted on the website. The total variance from budget for five months of the fiscal year is $ 3,738. During the five months ended Aug. 31, additional income was realized from higher interest rates. Required tree removals, tree trimming, landscaping replacements, and unexpected soil remedial costs increased expenses. An updated Summary of the Lake Well Project through Aug. 31 has been posted to the OHCC website. The equity balance at Aug. 31 is $209,090 Currently the state of the Association's finances remains sound and stable. Treasurer's Report By Ann Collins, OHCC Treasurer Balance Sheet: August 31, 2025 Operating Cash and Receivables $ 878,321 Reserves and Other $ 5,020,568 Total Assets $5,898,889 Reserve & Capital Obligations $ 4,959,496 Current Liabilities $ 730,303 Total Liabilities & Obligations $ 5,689,799 Equity $ 209,090 Income and Expense Statement: Five months ended August 31, 2025 Budget Actual Variance Income $ 4,275,559 $ 4,297,752 $ 22,193 Expenses $ 4,403,811 $ 4,422,266 $ (18,455) Net $ (128,252) $ (124,514) $ 3,738 I want to share some quick but important advice to help you avoid becoming a victim of a real estate scam. Some agents may appear to represent you but act in their own interest instead. They might: • Limit showings or withhold outside offers. • Convince you that "no one wants your home." • Then offer to buy it themselves at a below-market price — only to remodel and resell it for a profit. This is a bait-and-switch tactic, and unfortunately, the seller (you) ends up losing valuable equity. • Review your listing contract carefully. Make sure it requires all offers to be presented to you immediately — it's California law. • Prohibit your agent (or anyone tied to them) from buying your property. This removes conflict of interest. • Request showing feedback regularly. It keeps your agent accountable and ensures your home is being properly marketed. • Ask if your agent has any nancial connection to potential buyers or investors. Transparency matters. Your home is one of your biggest assets. You deserve an agent who is loyal, transparent, and fully focused on getting you top dollar. Let's have a quick conversation about how I market and protect my clients' best interests. I'm happy to review your situation confidentially and make sure your sale is handled safely and successfully.