Ken Rigsbee
6406 Old Harbor Lane
Austin, TX 78739
Dear Mr. Rigsbee:
I am writing to you because you have served on the board as the Treasurer of the Circle C Homeowners Association (CCHOA) for more than three years since February 2001 through March 2004.
After examining the financial documents of the CCHOA in April 2003, I discovered many questionable items. As a homeowner, I would like to exercise my right to inquire about them.
OFFICE EQUIPMENT LEASE & OFFICE SUPPLIES
Based on the CCHOA?’s management structure, the Association does not have an office of its own. All services are contracted to outside companies and the operations are under the supervision of the Board.
According to the Association?’s Income & Expenses Statements for the last five years, the Association had Office Equipment Lease & Office Supplies Expenses as follows:
Year 2003 - $9,445
Year 2002 - $6,015
Year 2001 - $7,954
Year 2000 - $7,143
Year 1999 - $7,835
If CCHOA does not have an office of its own, how is it possible to incur this kind of expenses? What office equipment is being used and where are they being used? Could you please explain this?
I would also like to request a copy of ALL the receipts for office expenses including equipment lease agreements for the last five years.
REAL ESTATE PROPERTY AT 5919 LA CROSSE AVENUE
On February 28, 2001, the ownership of the above property was transferred from the Developer, Gary Bradley?’s company ?– Phoenix Holdings, to the Circle C Homeowners Association.
The above real estate property includes several facilities which are the Circle C Swim Center, Circle C Grill, Post Office Facility and 500 square feet of office space. In the last four years (2000-2003), one year before the ownership had been transferred, the Association had paid all the expenses for the above property, including property taxes, repairs, fixture, furniture and capital improvement, in a total amount of the following:
Year 2003 ?– $318,202
Year 2002 ?– $258,057
Year 2001 ?– $272,563
Year 2000 ?– $168,737
6406 Old Harbor Lane
Austin, TX 78739
Dear Mr. Rigsbee:
I am writing to you because you have served on the board as the Treasurer of the Circle C Homeowners Association (CCHOA) for more than three years since February 2001 through March 2004.
After examining the financial documents of the CCHOA in April 2003, I discovered many questionable items. As a homeowner, I would like to exercise my right to inquire about them.
OFFICE EQUIPMENT LEASE & OFFICE SUPPLIES
Based on the CCHOA?’s management structure, the Association does not have an office of its own. All services are contracted to outside companies and the operations are under the supervision of the Board.
According to the Association?’s Income & Expenses Statements for the last five years, the Association had Office Equipment Lease & Office Supplies Expenses as follows:
Year 2003 - $9,445
Year 2002 - $6,015
Year 2001 - $7,954
Year 2000 - $7,143
Year 1999 - $7,835
If CCHOA does not have an office of its own, how is it possible to incur this kind of expenses? What office equipment is being used and where are they being used? Could you please explain this?
I would also like to request a copy of ALL the receipts for office expenses including equipment lease agreements for the last five years.
REAL ESTATE PROPERTY AT 5919 LA CROSSE AVENUE
On February 28, 2001, the ownership of the above property was transferred from the Developer, Gary Bradley?’s company ?– Phoenix Holdings, to the Circle C Homeowners Association.
The above real estate property includes several facilities which are the Circle C Swim Center, Circle C Grill, Post Office Facility and 500 square feet of office space. In the last four years (2000-2003), one year before the ownership had been transferred, the Association had paid all the expenses for the above property, including property taxes, repairs, fixture, furniture and capital improvement, in a total amount of the following:
Year 2003 ?– $318,202
Year 2002 ?– $258,057
Year 2001 ?– $272,563
Year 2000 ?– $168,737
