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 . . .”
Category: Financial
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 . . .”
Back to the future . . .
Isn’t it amazing what can be accomplished when neighbors join together to question or protest actions or decisions by elected leadership that are considered unjust, unfair or unwise? This power of community is clearly demonstrated by the board’s May 30th announcement that their previous decision to censor and delete the Q&A sessions from the recorded board videos had been revisited and reversed. (1a) Continue reading “Back to the future . . .”
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 . . .”