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HOA Budget and the need to sign a Petition PDF Print E-mail
unkhantus
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Written by Earl Sanders   
Friday, 12 June 2009 14:30

The April income and balance sheets are in and according to a few folks that have looked at it we are actually $48,000 UNDER BUDGET AS OF 4/30/09! This may change with the release of May's figures but from the look of it we had an actual surplus according to expenditures for year to date budget items.

 

I am not an accountant but if someone is and has access to these documents (are posted in the forums under "is there an accountant in the house") please take a look and let me know as I could be mistaken but I'm inclined to think I'm right. So if we had a surplus why did the small pool have to be closed? Why is it we are constantly bombarded with what our responsiblities are but the HOA's seem to be glaringly absent or extremely low key during these exchanges?

 

Many homeowners have expressed the need for others to comply with paying dues but after that our responsibility to collect it ends and the HOA's begins. They have the tools and mandate to do it and it is solely their job.

 

The HOA has a fiduciary, legal obligation to us as residents interpreted as they must take our interests into consideration ahead of their own as we have no authority to conduct our own business or financial affairs under the CC&R's. Who's financial interests are served when a pool is closed yet the money to maintain it is available? Most likely the entity that would have to fund any shortfalls once those available funds are gone. If you have paid already with the expectation of not having to crowd 600 people into a single pool then too bad for you. You should have made your neighbor pay. If CMA has your correct address, you should have gotten mail today professing the need for timely paying of dues and a 80-20 version of the Annual HOA meeting (4 months late) minutes. The reason for so much angst over unpaid dues at the meeting is that CMA pushed it then and continues to push it as an issue that a paying resident can somehow miraculously address.

 

To be fair the issues in the meeting minutes were discussed but not with such a twist as advocating the police guard our pools. In fact if memory serves me correctly I don't think anyone Ed, Susan or Chief Shackleford mentioned anything about any negotiations with Oak Point for fulfilling this role at the meeting.

 

Ed only vaugely hinted at "having some ideas" about monitoring the pool.

 

They had to have been discussing this in April if the pools opened in May so it seems a bit wrong for him to have acted as if he knew nothing at the time of this being in the works and that they had the money for security but not to open both pools.

 

We need to collect the roughly 120 needed by the CC&R's to have the board meet in special session to address this seeming lack of honesty and many other issues with the community. I'm talking about what amounts to funneling residents to one pool as a way of weeding out non-paying residents, while not being as talkative about the year to date surplus that could have all your amenities up and running now!

 

While the argument can be made that they are trying to stretch the money they have due to unpaid dues, at no point in time has any official came out and said that to us! We have gotten circular logic where we need to close the pool to pay for security and we can't have security unless we close the pool.

 

By thier own notes a total of 35 people owes more than $1000.00 each to the HOA. Is it right to punish all of those who have paid for 35 people? We are told that more than that have not paid but $35,000 is a pretty good chunk of our total dues.

 

For example, in 2008 there were 804 houses out here which would have generated $281,000 at 100% participation. Then using last years numbers 13% of total unpaid dues is owed by 35 people out of 800+ homes! Please sign the petition and lets have this explained to our faces.

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unkhantus
 
Last Updated on Friday, 12 June 2009 15:38