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 . . .”
Category: Patricia
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 . . .”
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 . . .”
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 . . .”
Another year in POA land . . .
To be honest, for this writer, 2023 was a disappointing year in Big Canoe. With plunging cash ratios, continued negative cash flow, escalating food and beverage losses, extravagant capital expenditures, more assessment increases and flawed budgets all culminating with a board reaching even further lows by consciously and overtly altering and manipulating official documents in order to advance their agenda, there is no current confidence that 2024 will be any better. Continue reading “Another year in POA land . . .”
Guest Spot: In the interest of the Community . . .
It is sincerely appreciated that long time property owner, Wayne Huey took the time to contact the Board of Directors regarding the “repurposing” of the Chimneys into administrative office space. And now, in the spirit of transparency, he has requested that his memo and the outrageous response he received be posted on bcmatters.org. Thank you Wayne for sharing this important information with the community. (Patricia)
Note: Comments and additional documentation will be provided by this writer at the end of Wayne’s post. Continue reading “Guest Spot: In the interest of the Community . . .”
Just more of the same . . .
Kudos to the Big Canoe POA Board of Directors for finally recognizing the importance of transferring the $474k residual balance of the insurance settlement proceeds (for the Chimneys and realty office freeze damage) to a capital account rather than allowing those dollars to remain commingled with the operating cash account. (1) (2) Continue reading “Just more of the same . . .”
A bridge too far . . .
In an act akin to pulling out the shred machine, the 96 page report titled “Big Canoe Community Overview 2023” dated October 8th, 2023 that was laboriously prepared by the seven member Long Range Planning Committee (“LRPC”) has now been removed from the POA website and replaced with an altered, edited and manipulated version all at the direction of the current POA President. Continue reading “A bridge too far . . .”