The Edgewood Information Archive

June 27, 2024

Archive image of the 2025 Independent Accountant’s Review Report prepared for the Edgewood Homeowners Association in Citrus Heights, California. The document was distributed to association members as part of the HOA’s annual financial disclosure materials and includes review statements regarding the association’s financial condition, reserve funding practices, and future repair obligations.

The report, prepared by LARA Accountancy Group, Inc., reviews the association’s financial statements for the fiscal year ending May 31, 2025. The disclosure discusses reserve funding, replacement planning, future major repairs, and the association’s ability to meet long-term maintenance obligations through assessments, reserve contributions, and potential special assessments if reserves prove insufficient.

Particular attention within the archived document is directed toward language stating that future repair and replacement costs may exceed available reserve funding and that the association could be required to increase regular assessments, levy special assessments, or delay repairs if adequate funds are not available when needed.

The financial disclosure later became a significant reference point in resident discussions and analysis regarding the association’s reserve funding condition, historical reserve disclosures, and long-term financial planning practices. Archived discussions elsewhere within the Edgewood archive reference the report in connection with broader community concerns regarding reserve adequacy, deferred maintenance, projected funding obligations, and transparency in HOA financial communications.

The archived page preserves the original review report cover page and provides access to the complete disclosure document for historical reference and community research purposes as part of the broader Edgewood HOA archive project.