As the holiday season quickly approaches, yet another election is upon us that will also include eight proposed changes to the association bylaws. According to the minutes of the October 4th closed door board work session, (1) members of the board voted unanimously to approve “the final wording of these changes” to our governing documents. Subsequently, the “Big Canoe POA Voter Guide: Proposed Bylaws Amendments” was published throughout various media followed by a brief discussion at the October 28th meeting of the board of directors. Continue reading “A consideration of consequences . . .”
Category: Patricia
A betrayal of trust . . .
As was expected, the revision and consolidation of Board policies 152 and 153 eliminating the property owner approval requirement for all maintenance or replacement capital projects exceeding $1 million was approved unanimously by this board on September 30th. What was not expected was the statement that there had been little property owner opposition to the proposed change. (1) Continue reading “A betrayal of trust . . .”
Mission accomplished . . .
Flashback. It’s time to wake up and take a moment to reflect back on December 2019, and the outrage felt by this community regarding the “significant drafting error” found in the previously proposed capital contribution fee amendment that would have eliminated Article VI, Section 13 of our covenants regarding the restricted “Capital Reserve Fund”. (1) (2) (3) Further, consider that this is exactly what is taking place now, only in a craftier manner. Systematically chipping away, bit by bit, piece by piece, little by little. Continue reading “Mission accomplished . . .”
Imaginary numbers . . .
Apparently persistence pays off as this writer has finally received answers to those questions regarding the $265k discrepancy in the Master Plan Fund that have been submitted multiple different ways via management, the board and the Audit & Risk Management Committee since the beginning of 2021. Truthfully, it has been exhausting and probably just as exhausting to those of you who read this blog. And even more truthfully, the news is not good. Continue reading “Imaginary numbers . . .”
Getting the facts straight about our money . . .
Sincere appreciation is extended to the Chairman and members of the Big Canoe Audit and Risk Management Committee for any assistance provided in determining a resolution to the 2020 balance discrepancies found in the Master Plan Fund. After resubmitting questions (1) that had been previously asked as far back as February 2021, the Chairman responded by stating that the request had been forwarded to the Board and that “They are opening a ticket to ask the POA and will be addressing your inquiry.” Round and round the questions seem to go. Continue reading “Getting the facts straight about our money . . .”
In discussion of recent communications . . .
After a studied review of the recent POA Board Eblast regarding Big Canoe’s finances that references communications from several property owners, an explanation provided appears to be directed, at least partially, in response to recent posts on this site. (1) (2) But first, it must be emphasized that an accurate representation of this writer’s research, ideas and observations can always be found on the pages of this blog which is maintained exclusively by this writer without collaboration. Any attempts by leadership to characterize otherwise should be disregarded. Continue reading “In discussion of recent communications . . .”
“Ask the Board” yields no real answers . . .
To be honest, after the June 3rd post noting that the beginning balance in the restricted Capital Reserve Fund as shown on the updated Capital Reserve Study was approximately one million dollars LESS than the balance disclosed on the year end financial statements, it was anticipated that leadership would provide some type of public response or explanation. Continue reading ““Ask the Board” yields no real answers . . .”
Ask the board . . .
After more than nine months of requesting and waiting for publication of the covenant required updated reserve study, it has just been unceremoniously posted to the POA website. Upon opening, it is immediately observed that the beginning balance in the restricted Capital Reserve Fund on January 1st, 2021 is shown to be approximately one million dollars LESS than the balance disclosed on the year end financial statements. (1) Further, it is clearly noted on page 13 of the study that this information was provided to the reserve specialists by “Association management”. (2) Continue reading “Ask the board . . .”
More big red flags . . .
Let’s get straight to the point. We have a problem. It has now been discovered that total cash at the beginning of the year is $18,923 less than originally stated. Without any mention or explanation from leadership . . . poof . . . it is gone. Seriously, where did it go? Was it lost? Was it spent? Was it taken? Continue reading “More big red flags . . .”
Simply not possible . . .
After over three inches of rain within two days in late March combined with a fully opened lower level outlet, Lake Disharoon dumped muddy water, (1) silt and dead fish (2) into the creek below as it flowed into Sconti and beyond. Although estimated to take two to three weeks, the complete draining of Disharoon was accomplished in only a matter of days despite the extreme rainfall. Continue reading “Simply not possible . . .”