2026 Audit Waiver

The Sandy Point Improvement Company is once again calling on its members to take an active role in the future of our community. A Special Meeting has been scheduled to vote on an important decision: whether to waive the annual audit requirement for the fiscal year ending March 31, 2026. While this may sound like a routine administrative matter, the outcome depends entirely on member participation—and every single vote truly matters.

By state law, associations like Sandy Point are typically required to conduct an annual audit when assessments exceed a certain threshold. However, that same law allows members to vote each year on whether to waive the audit requirement. This is not a permanent change—it applies only to this specific fiscal year. Any future waiver would require another vote by the membership.

The Board of Directors has carefully considered the costs and benefits of conducting an audit this year. The most recent audit cost the community over $35,000. While audits are an important financial safeguard, the Board believes that conducting them periodically—rather than annually—can still provide oversight while helping control expenses. With rising costs across the board and a recent increase in annual assessments, the Board is recommending a one-year waiver as a practical cost-saving measure.

That said, the decision does not rest with the Board—it rests with you, the members.

The easiest way to make your voice heard is by submitting your proxy vote ahead of time. Completing and returning your Directed Proxy Form ensures that your vote is counted—even if you are unable to attend the meeting in person.

You have two simple options for returning your proxy:

  • Drop it off at the Sandy Point Office
  • Mail it in using the provided instructions

Submitting your proxy early is one of the most impactful things you can do to support the process. It takes just a few minutes, but it plays a vital role in helping the community move forward.

Of course, members are also welcome to attend the Special Meeting in person and vote directly. Whether you participate in person or by proxy, what matters most is that you participate.

Sandy Point is more than just a place to live—it’s a community built on involvement and shared responsibility. Decisions like this one shape how resources are managed and how costs are controlled. Your vote helps guide those decisions.

If you have already returned your proxy, thank you for taking part. If you haven’t yet, now is the time. Don’t wait until the last minute—submit your proxy and make sure your vote is counted.

Every vote matters. And together, those votes ensure that Sandy Point continues to operate with transparency, accountability, and the collective voice of its members.

 

-Steve Stedman

President – Sandy Point Improvement Company