
2026 La Cresta Board
Candidate
Zun Hin Woo

LCPOA Financial Issues we should be awared of
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How does Reserve fund spend $820,906.35 from 5/25-5/27 in one year without notification to the member?
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Budget Discrepancy: Why road repair costs often exceed the approved budget.
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Waste Attorney Consultation & Legal Opinion Fee to cover the majority of board breaching the CC&R and Corporation rule without disclosure to members.
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Overspending on management fees.
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Heavy constrution job without multiple vendors bids, Same Vendor for years
The reserve fund must be utilized in compliance with applicable lawCivil code #5502, 5510, 5515
Reserve Account comparison of May 2025- May 2026



Laws mandate that property owners associations (POAs) maintain reserves when owning assets. However, our POA is unique in that we do not own land and possess very few tangible assets (e.g., street signs, tools, cones). There appears to be confusion regarding the ownership of the roads. According to our governing documents, our responsibility is limited to the maintenance of roads, with ownership of the roads, to the center line, resting with individual property owners. If we were the owners of these roads, we would be required to pay property taxes annually, which is not occurring.
Although we are not legally required to maintain a reserve, we believe it is prudent to set aside funds. However, the current reserve amount is excessively high relative to the POA's actual assets. Additionally, there seems to be a lack of documentation outlining the terms and conditions related to the 'Borrowing from Reserves.' < Click on the blue link.
By law the removal of funds from a reserve can only take place when there is clear documentation to the terms and conditions of the loan and repayment schedule. We are currently in noncompliance with applicable law with regard to our undocumented use of our reserve.
HOA Reserve Account Legal Description
Let me introduce you to what the reserve account for an HOA reserve account should be. Please feel welcome to view this 2-minute video about a legal regulation of "Borrowing Money" from an HOA reserve, you will realized how wrong that our association still want to raise the association fee.