Financials under Sherry
Why do I need a leg to stand on when discussing simple math? Again, the numbers are so simple any 8th grader could figure out. Go ahead and tell the other 100 homeowners who never serve on the board or attend meetings that they have no legs to discuss financials. Like James said, same as he, I put my total trust on the board until hearing about 2 mil. loan. If the current board could spent $346K in 2 years, while still able to pay for operating costs, roof repairs, refill potholes, why not Sherry's board who had 4 years and twice the budget of $346 x 2 = $692K ??? Oh please don't say it went to termites, pool rehab, gutter repairs. If you think you could understand financials so well, then explain $80K for one building rehab. Contractors overtime, X-mas bonuses maybe? Look at the current newsletter and see the maximum amount the current board spent for one big building. You mean there is a biggest building around here?
If you understand financials so well and regularly attend meetings, why not question the previous board where the money went, unless you're an ex-board member who couldn't calculate simple math and let the lawyers, management, handyman, tow trucks running away with OUR money and YOURS. Here is the simple calculation if you still haven't figured out: $52 (fee reduction) x 141 units = $7332 per month x 12 months = $87984 per year x 4 (years under Sherry) = $351,936 that could have been saved. Generously take away $100K for termites, pool rehab, gutter repair our reserve account should still wind up with $200K when she left her board. Comprenez???
By Anna
Why do I need a leg to stand on when discussing simple math? Again, the numbers are so simple any 8th grader could figure out. Go ahead and tell the other 100 homeowners who never serve on the board or attend meetings that they have no legs to discuss financials. Like James said, same as he, I put my total trust on the board until hearing about 2 mil. loan. If the current board could spent $346K in 2 years, while still able to pay for operating costs, roof repairs, refill potholes, why not Sherry's board who had 4 years and twice the budget of $346 x 2 = $692K ??? Oh please don't say it went to termites, pool rehab, gutter repairs. If you think you could understand financials so well, then explain $80K for one building rehab. Contractors overtime, X-mas bonuses maybe? Look at the current newsletter and see the maximum amount the current board spent for one big building. You mean there is a biggest building around here?
If you understand financials so well and regularly attend meetings, why not question the previous board where the money went, unless you're an ex-board member who couldn't calculate simple math and let the lawyers, management, handyman, tow trucks running away with OUR money and YOURS. Here is the simple calculation if you still haven't figured out: $52 (fee reduction) x 141 units = $7332 per month x 12 months = $87984 per year x 4 (years under Sherry) = $351,936 that could have been saved. Generously take away $100K for termites, pool rehab, gutter repair our reserve account should still wind up with $200K when she left her board. Comprenez???
By Anna
