Highline Meadows Fellows

Why is the Board of Directors Moving The Money Around? More ?'s

Special Assessment- December 2010

IS THIS REALLY TRUE?

$$$$$$$NewsFlash$$$$$Denise at TMMC said it will be 4,000 per unit assessment aft

(December) when Richard Rebergs CPA called about condition of complex

4,000 x 298 units =$1,192000.00

1 Million and One Hundred and Ninety Two Thousand Dollars

Based on our previous questions it appears that the Budget ending 6/30/2010 sent to all owner has been significantly altered from the Budget ending 5/30/2010

Please Have the Board of Directors answer these Questions?

1) Why did the Board alter the Budget from the previous month in excess of 20K?

2) How can the Board have Established money structured in the budget and then in 1 Month change the financials so significantly?

3) How can Miscellaneous Maintenance go up 10K in 1 Month?

4) What is the board trying to hide in the books by moving monies around the established budget from the preceding 5 months?

5) How can this community trust any information the board of directors provides if monies are moving in and out of categories month to month at their will and numbers are not matching?

6) How can the board continue to use TMMC to control, adjust and prepare our books if there is obvious fraud and deceit within the books as presented to the owners at meetings and on Condo Certs and to Auditors?

Posted by Resonable on 07/26/2010
Last updated on 07/29/2010