Perpetuating the illusion to themselves and the world that we, the property owners, voted in approval of the $8 million expenditure, (1) the Big Canoe POA Board of Directors held the August 28th board meeting in the newly renovated clubhouse that included custom made light fixtures, commissioned artwork and a horseshoe shaped bar designed with the Indianapolis Colts logo in mind. (2) Continue reading “Fairy tales . . .”
Lines in the sand . . .
As has become the norm, there’s a lot going on in Big Canoe to include the ongoing primary election, planned opening of the renovated clubhouse, undisclosed food and beverage losses along with other governance and financial loose ends. The subject matter is all over the board, and for that reason, this post will once again discuss a myriad of topics. Continue reading “Lines in the sand . . .”
A time of reckoning . . .
On June 26th, a representative and partner of the accounting firm, Mauldin & Jenkins, declared the Association books to be “clean and in good order”. (1a)
This audit opinion was made possible only after the required write-off of $1,544,897 in capital assets (associated with the Clubhouse and Choctaw renovations) resulting in a similar reduction to 2024 income and property owner equity. For example, management’s restated financial results (2) now reflect a net loss from operations of ($761,185) versus the $730k positive result originally reported.
Back to the numbers again . . .
With a lengthy May 29th board meeting that was informative at times and misleading at others along with the recently posted April financial package, there is much to talk about. Perhaps it’s time to put the trademark discussions on the back burner for a moment and refocus attention to other financial matters. Continue reading “Back to the numbers again . . .”
An albatross updated . . .
The trademark business continues to be alive and well in Big Canoe as it has just been learned that leadership has applied for yet another new trademark registration on May 21st in the name of Big Canoe Brokerage. Same name as included on the May 16th application but absent the LLC designation. Strange. Continue reading “An albatross updated . . .”
An albatross . . .
Well now. With the clubhouse renovation nearing completion and the $15 million line of credit fully drawn, it seems that the Association’s recently obtained ownership of various trademarks may have become leadership’s newest and latest pet project. Continue reading “An albatross . . .”
The charade . . .
It appears we have been told a lie.
According to the FAQs found on the Renew Big Canoe website soliciting property owner approval for the clubhouse renovation, (1) no additional work was needed for the clubhouse kitchen as it had been recently renovated and was functioning in an efficient manner. Continue reading “The charade . . .”
The untouchables . . .
It seems that our elected board has managed to escape a self inflicted crisis unscathed and without consequence and with the continuing power to create new dramas some other day. This is Big Canoe. Continue reading “The untouchables . . .”
Walking it back . . .
There’s a lot going on in Big Canoe. So much so, that it can be a challenge just to keep up. Because of that, this post will once again address a variety of subjects rather than present any cohesive discussion on one specific topic. Let’s now begin with several updates to information found in recent posts. Continue reading “Walking it back . . .”
And for now . . .
As we anxiously await an announcement from the board that the trademark agreement with Big Canoe Brokerage has been executed, complacency can easily set in when in actuality nothing else has really changed. Continue reading “And for now . . .”