This is certainly proving to be both a different and embarrassing election cycle that has not been reflective of one of Big Canoe’s finer moments. Enough said about that. We all know that story.
As for now, of the four remaining candidates vying for a directorship, two currently sit on the Finance Committee. If elected, they will join two other Finance Committee alumni (POA Vice-President and POA Treasurer) on the board. Continue reading “Still more of the same: Part Two . . .”
For those who may have missed it, the General Manager’s latest excuse for providing less financial information at the monthly open board meetings is his proud declaration, “we just don’t want to bore you too much”. (1) https://www.youtube.com/watch?v=TWBKZ51RTjw at 16:10 Seriously, our well compensated GM just said that. Continue reading “Still more of the same . . .”
A lot has happened in the weeks following the last post on this site. Changes include seven new trademark applications, requests for FEMA/Hurricane Helene funding and an uninformed board scrambling to clean up recent disregards of our governing documents. Continue reading “Fairy tales: An update . . .”
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 . . .”
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 . . .”
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.
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 . . .”
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 . . .”
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 . . .”
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 . . .”