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| OHCC LIVING | APRIL 2026 | 5 Let's Dispel Some Rumors As I have mentioned in prior articles, transparency remains a priority for the Master Board. Because audited nancial statements can be dicult to interpret for those who do not regularly work with them, I would like to provide some clarication. Bankruptcy? NO WAY! e second issue I have heard about concerns rumors that the HOA will be bankrupt within two years. at claim is false. Anyone who reviews the Association's nancial statements can clearly see that the nancial condition of OHCC is strong. In fact, the nances of this Association are not only sound, but in many respects exceptional. Over our more than 40-year history, OHCC has never imposed a special assessment. at is an extraordinary record and places our Association among the top tier of homeowner associations nationally. ere is absolutely nothing in the nancial statements, the approved budget, or the long-term nancial projections that suggest the Association is headed toward nancial diculty. e suggestion that OHCC will somehow be bankrupt within two years has no basis in reality. Keystone Payroll Question In accounting and nancial reporting, dierent auditors oen present and categorize expenses in dierent ways. When the Association changed our audit rm some expenses were classied under dierent categories, causing confusion … at's what happened with the "payroll" expenses for Keystone. e footnotes to audited statements correctly summarized the total payroll expenses. ese have been in accordance with the Association's expense. When the gures are reviewed consistently, Keystone's payroll expenses have increased approximately 2–4% per year. Given the broader increases we have seen in wages and operating costs over the past few years, that level of increase is typical. Statements suggesting that Keystone's payroll costs have doubled over the past year are simply incorrect. Conclusion Unfortunately, rumors and speculation sometimes circulate in large communities. While everyone is entitled to their opinions, spreading nancial nonsense oen scares people, even though the information is not true. Homeowners should rely on the audited nancial statements and information contained in the Association's ocial nancial reports and communications from the Master Board. ose reports are prepared using established accounting standards and provide a clear and accurate picture of the Association's nancial position. e numbers speak for themselves. ey show that OHCC remains nancially strong, stable, and responsibly managed. Treasurer's Report By Van Rametta, OHCC Treasurer Balance Sheet: January 31, 2026 Operating Cash $ 866,696 Reserves & Other Assets $ 5,126,300 Total Assets $5,992,996 Current Liabilities $ 567,126 Reserve & Capital Obligations $ 5,105,474 Total Liabilities & Obligations $ 5,672,600 Equity $ 320,396 Income and Expense Statement: Ten months ended January 31, 2026 Budget Actual Variance Income $ 8,551,118 $ 8,575,317 $ 24,199 Expenses $ 8,752,063 $ 8,588,526 $ 163,537 Net $ (200,944) $ (13,208) $ 187,736

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