Michael Mayer
unread,Aug 24, 2012, 4:58:16 PM8/24/12Sign in to reply to author
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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.