Financial Documents

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*When viewing the documents below, please note that the LVCA fiscal year starts on January 1st of each calendar year.

Monthly Financial Statements

View the full archive of LVCA Monthly Financial Snapshots here >


Annual Budgets

The LVCA Finance Committee with the assistance of the Association’s management company prepares a draft annual budget in August of each year, which is presented to the membership at the October Annual Meeting.

The Board typically adopts the budget at its November or December meeting, and sets the HOA fees to fund the budget at that time.


Annual Audits

The Association’s finances are audited annually by an independent auditor, normally beginning in February following the end of the preceding fiscal year.  The Finance Committee and the Board review the draft audit when it is received, provide any feedback to the auditors as needed, and upon receipt of the final audit, formally accept it. The audit is then posted to the website.

Reserve Studies

The Association is required to conduct a reserve study every five years.  Such a study projects future capital expenses the Association will incur to maintain its common facilities (streets, pool, lights, etc.) and compares those expenses to the reserve funds maintained by the Association, including anticipated reserve contributions. The report guides the Board in preparing its annual budget to ensure sufficient funds are maintained to pay for future capital expenditures.