Independent Review Flags Practices of Lake Anne Reston Condominium Association

/ Owner - July 3, 2020

A forensic analysis by Ernst & Young (EY) has flagged concerns with past financial practices and decision making by the Lake Anne Reston Condominium Association.  LARCA President Senzel Schaefer said she initiated the review following a board vote after last year’s election brought a new slate of board members who committed to “change and fiscal responsibility.” In-fighting and contention over finances have marred the board leading up to and following the election. Schaefer said she hoped the review would shed light on financial mismanagement, ultimately putting the board on “a new path to financial solvency.”     Read the article……………………..

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