Having experienced CAMS and their assorted managers, my HOA quickly moved to replace them with CEPCO. I'm not advocating CEPCO, but compared to CAMS...I'll take CEPCO.

If CAMS is spending a HOA's money in a hap-hazard fashion, it's because the board of directors of the HOA authorizes them to do so. CAMS or any other property management firm has no authority to do anything outside the scope of the agreement they have with the HOA. Your gripe needs to be with the HOA and the power they delegate to CAMS.