Cimarron Hills Board Takes Reserve Funds
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Michael Mayer
Aug 24, 2012, 4:58:16 PM8/24/12
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Residents,
Might want to look at the YTD financials for our HOA. Here are the transfers and revenue shortfalls you never get told by the board.
1. $62,552 was transferred from the Reserve Fund
2. $27,079 is the YTD reduction from the Reserve Fund after your monthly fees were paid
3. $19,062 Lanmark is overbudget YTD
4. $6,366 has not be received for the NewPath/Crown Castle cell towers (which the board had no authority to install without a HOAvote). You remember when they blew up the gas line main and almost burned down the entire community?
Board is taking your money folks. $62,000 buys alot of donuts for afew people. Might want to be aware of that.
Might want to look at the YTD financials for our HOA. Here are the transfers and revenue shortfalls you never get told by the board.
1. $62,552 was transferred from the Reserve Fund
2. $27,079 is the YTD reduction from the Reserve Fund after your monthly fees were paid
3. $19,062 Lanmark is overbudget YTD
4. $6,366 has not be received for the NewPath/Crown Castle cell towers (which the board had no authority to install without a HOAvote). You remember when they blew up the gas line main and almost burned down the entire community?
Board is taking your money folks. $62,000 buys alot of donuts for afew people. Might want to be aware of that.
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