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| OHCC LIVING | JULY 2026 | 5 e Numbers Don't Lie — But ey Should Be Veried In recent email blasts and articles, some authors have questioned the financial information and decisions presented by OHCC. In one communication, an author quoted one of the CPA presenters at our May Board meeting: "The numbers don't lie." On that point, we agree completely. Where we may differ is in how financial information should be evaluated. Numbers are only as credible as the facts, documentation, and professional review behind them. Our financial statements are complex, and those with little or no expertise can skew the conclusions — even with small misunderstandings. This applies not only to reserve funding but also to operating budgets, capital projects, and every other aspect of HOA finances. Most importantly, OHCC's financial circumstances are unique to OHCC. Just as one family's budget cannot be meaningfully compared to another family's budget without understanding their specific circumstances, one HOA's finances cannot be compared to another HOA's without understanding the unique factors that drive its revenues, expenses, assets, and reserve obligations. Before discussing any specific numbers, it is important to understand the basic reality behind all of OHCC's financial reporting. Many people assume the Treasurer works alone, making financial decisions in isolation. Nothing could be further from the truth. OHCC's financial oversight is built on multiple layers of professional review and accountability that are specifically focused on the financial health and circumstances of our community: • Keystone's professional accounting staff prepares our monthly financial statements. • Independent Certified Public Accountants conduct annual audits of our financial records. • Certified Public Accountants within our community regularly review financial information and are available to answer questions and provide independent perspectives. • The Executive Finance Committee meets monthly to review financial statements, trends, and significant financial matters. • The Budget & Financial Advisory Committee, consisting of approximately 15 volunteers with professional backgrounds in accounting, banking, financial analysis, business management, and related fields, works through the budget process every year. In short, no single individual controls, prepares, or interprets OHCC's finances alone. Financial oversight is a collaborative process supported by professionals, independent review, and multiple levels of accountability. That is exactly how it should be. Ask about the numbers — we encourage that. But when people make accusations and draw unsupported conclusions; then spread that false information throughout the community, it is a disservice to all of us. As you consider whom to believe — those spreading misleading numbers or your Master Board — ask a few simple questions: • What is the source of the information? • Which financial statement supports the claim? • What documentation supports the conclusion? • Has the information been reviewed by qualified financial professionals? • Are the conclusions based on facts or on assumptions and speculation? Extraordinary claims require evidence. More importantly, the evidence must be relevant to OHCC's specific financial circumstances. Our community deserves facts, not speculation; documentation, not assumptions; and professional analysis, not personal interpretation. That approach has served OHCC well for more than forty years. Lately, we have all seen articles and email blasts from non-official HOA sources, making unfounded financial claims. Those claims have NOT been reviewed by individuals with substantial financial expertise. We know that because of the unfounded conclusions and misinformation. We can say that overwhelmingly, they are based on incomplete information, misunderstandings of HOA accounting principles, or interpretations that are unsupported by the underlying facts. Rather than focusing on every error or responding to every allegation, I would encourage homeowners to consider the process behind the information they receive. The financial information provided by your Board is prepared, reviewed, audited, and scrutinized through multiple layers of professional oversight before it reaches the membership. The numbers do not lie. But numbers can be misunderstood, selectively presented, or interpreted without the benefit of all the facts. As homeowners, we should all ask ourselves one simple question: Why should we place any confidence in unsupported opinions over information that has been reviewed by accountants, auditors, financial professionals, advisory committees, and your elected Board? OHCC's financial reporting is not built on speculation. It is built on factual information, professional review, transparency, and accountability. That is information you can trust. Treasurer's Report By Van Rametta, OHCC Treasurer Balance Sheet: April 30, 2026 Operating Cash $ 760,734 Reserves & Other Assets $ 4,751,175 Total Assets $5,511,909 Current Liabilities $ 688,947 Reserve & Capital Obligations $ 4,474,561 Total Liabilities & Obligations $ 5,163,508 Equity $ 301,902 Plus Net Actual Income $ 46,499 Total Liabilities and Equity $ 5,511,909 Income and Expense Statement: One month ended April 30, 2026 Budget Actual Variance Income $ 894,031 $ 894,573 $ 542 Expenses $ 873,764 $ 848,074 $ 25,689 Net $ 20,267 $ 46,499 $ 26,231

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