Category: Capital Funding

In only a few weeks, property owners will gather a glimpse of what our futures in Big Canoe will be as the last Renew Big Canoe ballots are returned and counted. One can only hope that each property owner had access to all the facts and pondered the choices carefully. But for now, there isn’t much more that can be said so it seems appropriate to refocus on the further draining of “our money” from the Association’s coffers along with the continued discrepancies found in the Association’s financial reporting. (1) Continue reading “In search of full disclosure . . .”

Special thanks are again extended to fellow property owner Wayne Huey for his excellent presentation regarding the architectural issues and shortcomings found in the clubhouse and postal facility plans.  (1) Appreciation is also extended to the many property owners that have stepped forward and either contacted the board or included their comments at the bottom of these recent articles. Meanwhile, with the ballots set to be placed in the mail any day now and a leadership attempting to debunk any concerns from naysayers, it might be useful to break down some of the myths and lay out a few facts surrounding this ambitious and bold initiative. Continue reading “Renew Big Canoe: The financials . . .”

Still stunned by the February 23^rd announcement that the capital fund account balances would be restated as of the 2022 year end, (1) additional issues continue to surface regarding those accounts as well as other questionable financial information currently being peddled to the community.  Continue reading “Connect the dots – part two . . .”

For those of you who have not viewed the February 23^rd board meeting, the Chairman of the Finance Committee informed the board and the community that the capital fund accounts would be renamed and the cash balances in these accounts would be “restated” as of December 31^st (1) based on a recommendation from management. An unusual if not also shocking announcement indeed. Continue reading “Connect the dots . . .”

And here we are again in late February with no year end financial reports posted to the POA website. Without that information, as the stakeholders of a $51 million corporation, we have no fourth quarter itemization of the association’s capital expenditures and few details of the overall year end performance. In fact, details found in the GM’s constantly changing and creative slides are so sketchy, that the financial performance for the month of December was not even included in his January board meeting presentation. Continue reading “Just keeping up with the facts . . .”

With our 50^th anniversary year now behind us, it would be fair to say that 2022 was a year of change with property owners seeing escalating and often extravagant capital expenditures, dwindling property owner rights, OSHA investigations, new Association debt, Lake Petit dam concerns and sewer expansion issues . . . the list seemed to go on and on making it impossible at times to just keep current. Continue reading “Keeping with the facts . . .”