In the last formal action of the year, this Board publicly approved the 2025 operating and capital budgets that they previously approved privately in late October. (1) And certainly at first glance, one might breathe a sigh of relief to learn that the assessment increase will total only nineteen dollars, but rest not easy. This is only a mirage. Continue reading “Spent into oblivion . . .”
Category: Capital Funding
It’s a mess . . .
And so it seems, leadership’s forewarning of future less than stellar financial performance (1), is now confirmed by the Association’s net operating loss for the month of September. Seeking to assure the community that the board was not concerned with the results, the POA President described the losses as nothing more than an anomaly. (2a) Continue reading “It’s a mess . . .”
Catching up . . .
As we stare at the images of the devastation to other communities from Hurricane Helene, somehow Big Canoe was spared. Predicted to inundate our area, it’s path instead veered East leaving us unscathed while others were so much less fortunate. Without even the precautionary ability to lower the volume of Lake Petit in preparation for a storm’s wrath, one might shudder imagining what could have been. Continue reading “Catching up . . .”
On and on . . .
Considering the ever increasing readership of posts on this site and with several friends and neighbors continuing to explore options to end this leadership’s steadfast determination to drive our community into financial decline, it seems important to continue addressing the current events as they unfold. Continue reading “On and on . . .”
Shameless . . .
Given that the last two posts on this site have garnered over 3,000 views, (1) (2) sincere appreciation is extended to the many friends and neighbors for your readership and to those of you who had the courage to share, post links to FB groups and/or further distribute the messages. Continue reading “Shameless . . .”
Guest Spot: Wayne Huey on the upcoming Clubhouse renovation train wreck . . .
Wayne has requested that his op-ed that follows regarding the clubhouse renovation be posted on bcmatters.org. As always, thank you Wayne for sharing your knowledge on this subject with the community. (Patricia) Continue reading “Guest Spot: Wayne Huey on the upcoming Clubhouse renovation train wreck . . .”
Alarm bells . . .
Make no mistake. Contrary to the POA President’s opening remarks at the May 30th open board meeting, (1a) the POA has in fact categorically and absolutely refused a property owner’s request for accounting records. Continue reading “Alarm bells . . .”
It was there until it wasn’t . . .
It has now been learned that those property owners who took the time to attend last month’s public board meeting and ask questions have been disrespectfully characterized by the General Manager as nothing more than spreaders of “misinformation”. (1) And once again bowing to the will and wishes of the GM rather than their constituency, our Board of Directors voted 5-2 in a closed meeting to delete and censor that April 25th Q&A session from the posted video. Continue reading “It was there until it wasn’t . . .”
Circling the wagons: Part Two . . .
Remember the Finance Committee Chair that surmised to the community in his “Renew Big Canoe” financial presentations that food and beverage losses are a “good thing” because that means we don’t have to pay taxes? (1) Now installed for a second term as Chairman, he’s back and presenting a rambling and disconnected tutorial on GAAP (generally accepted accounting principals) and accountability. (2a) Continue reading “Circling the wagons: Part Two . . .”
Keeping the record straight . . .
In yet another welcomed information packed open board meeting complete with a lively Q&A, the community was barraged with details on a multitude of important subjects. And although the clubhouse situation and renovation probably took center stage, this post will be limited to time sensitive discussions regarding the water company negotiations and Wells Fargo loan covenants. Continue reading “Keeping the record straight . . .”