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: Financial
Doctoring the mess . . .
“And as I’ve said many times before, we review these minutes well in advance so we know every single word and comma in those minutes” . (1) Those are the exact words as stated by the POA President after the board’s October 31st approval of the minutes from previous meetings. And yet, days after the November 8th post on this site (2) referencing approved minutes from an October 21st closed board meeting, those same minutes were removed from the POA website and replaced with an edited version highlighted in red. Continue reading “Doctoring the mess . . .”
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 . . .”
Spread the news . . .
A quick glance at the Mauldin & Jenkins audit of the Association’s “very clean” books reveals that food and beverage actually lost an astounding $721k in 2023 rather than the $656k disclosed to the community by management. (l) This is not okay. Continue reading “Spread the news . . .”
Outside the box . . .
It certainly came as no surprise to learn that the Association’s independent auditors, would be issuing a “clean” opinion of the 2023 financial statements. What did come as a surprise was the firm’s extensive and gushing accolades for management at the June 27th board meeting followed by a discombobulated presentation of the year end financial highlights erroneously utilizing 2022 data. (1a) How does this even happen? Continue reading “Outside the box . . .”
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 . . .”