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: Food and Beverage
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 . . .”
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 . . .”
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 . . .”
Update: Always something new in POA land . . .
While appearing to confirm that this writer’s request for specific accounting records (1) has satisfied the requirements of Georgia Code 14-3-1602, our elected Board of Directors do not seem to believe that the remaining property owners at large are entitled to an explanation or any information regarding the December 2023, $188k variance to budget in administration/operating expenses as demonstrated by their May 10th response to this writer’s request. Continue reading “Update: Always something new in POA land . . .”
Always something new in POA land . . .
With a stated goal of being “more communicative with our neighbors”, (1) the Board of Directors just unveiled it’s first notification in a glitzy, multi page periodical titled “Board Update” prepared with the help of the Marketing Department and their $428k budget. Continue reading “Always something new in POA land . . .”
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 . . .”
Circling the wagons: Part One . . .
Eighty five days into a new year, and the 2023 year end “preliminary” financial statements (1) containing significant differences from the GM’s January slide presentation (2) were finally posted to the POA website. Hoping for some discussion or explanation from leadership at the March board meeting, there was none. Continue reading “Circling the wagons: Part One . . .”
Guest Spot: Wayne Huey on the Renew Big Canoe – Clubhouse Renovation . . .
Wayne has requested that his op-ed regarding issues with the pending clubhouse renovation be posted on bcmatters.org. Thank you Wayne for sharing your knowledge and this enlightening information with the community. (Patricia) Continue reading “Guest Spot: Wayne Huey on the Renew Big Canoe – Clubhouse Renovation . . .”
Now for the rest of the story . . .
What an unexpected surprise. Without a doubt, the first open board meeting of the year was one of the more informative and enlightening meetings in perhaps many years. Complete with a well presented update on the status of Renew Big Canoe (after all information going virtually dark since the August approval of the project) coupled with the POA President’s repeated promises to adhere to the Association’s policies and procedures, (1a) kudos to the newly elected president are certainly in order. Continue reading “Now for the rest of the story . . .”