The Ladera Ranch Maintenance Corporation year-end financial statements for fiscal year ending May 31, 2018 as completed by VanDerPol & Company are available for your review.
The Ladera Ranch Maintenance Corporation year-end financial statements for fiscal year ending May 31, 2018 as completed by VanDerPol & Company are available for your review. There are two ways that you can review the audit:
1. Click here to view the 2018 Audit Report.
You can also access the audit from LaderaLife.com by clicking on the "Lifestyle” tab at the top of the page, then click on "Roots and Wings Online” and select "2017 – 2018 Fiscal Year Financial Statement Audit Review”.
2. Obtain a hard copy of the audit at the association’s expense.
Please call (949) 218-0900 or visit the Avendale Village Clubhouse, 1 Daisy Street, Ladera Ranch to request your copy.
Civil Code requires that the Association engage a Certified Public Accountant to perform an audit or review of the financial statements for any fiscal year in which the gross income of the Association exceeds $75,000.
A list of the names and addresses of the current members is located at the Association’s management office located at 1 Daisy Street, Ladera Ranch.
Please retain a copy of the audit for your records, as it is required to be provided to escrow for a sale of your property and possibly for refinancing.
Here are a few highlights from the audit:
A. LARMAC’s operating and reserve cash positions are healthy.
B. In the fiscal year ending May 31, 2018, LARMAC completed many important projects:
- Restroom refurbishments at the following locations: Covenant Hills Clubhouse, Flintridge Clubhouse, Oak Knoll Clubhouse and multiple park locations.
- Tennis courts resurfacing at Oso Grande Park
- Pool resurfacing at Covenant Hills Clubhouse and Creighton Plunge
- Irrigation Controller Replacement Project (Phase 2)
- Landscape renovation at Hilltop Park, Narrow Canyon, Sienna South and numerous tree replacements along Sienna.
C. Our assessment collections have steadily improved over the past 8-9 years through consistent administration of LARMAC’s delinquency policy.
On behalf of the LARMAC Board of Directors,
Ken Gibson
General Manager
Ladera Ranch Maintenance Corporation
