Independent audit finds clean opinion; management reports stronger reserves

Chris Hall, a CPA and partner at UHY, presented the independent auditors’ report for the year ending April 30, 2026, and described the audit approach (planning, inventory counts, confirmations, year-end fieldwork and wrap-up). "So I'm pleased to report the association again received a clean, unmodified opinion on the financial statements," Hall said, the highest level of assurance an auditor can provide.

General Manager John Viola summarized management’s view of the results and said the association ended the fiscal year with favorable operations and improved reserves. Viola reported an operating favorability of roughly $3,000,000 at the end of the fiscal year and said a $456,000 favorable variance to budget will be reinvested in amenities and reserves. Management attributed improved results to organic revenue growth (food & beverage, golf), expense reallocation and efficiency gains.