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Post by Admin on Aug 2, 2017 12:35:09 GMT -5
No June 2017 financial reports as of August 2. They were requested about a week ago. UPDATE: Just posted on slresort.net! Attachment Deleted |
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Post by Admin on Aug 3, 2017 17:32:48 GMT -5
Attachment Deleted Legal fees for June: $6,842.00 Good(?) news is SLohA is "UNDER BUDGET" at only $11,366.00 for April, May and June versus Budget $16,250.00
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Post by Admin on Aug 3, 2017 17:52:15 GMT -5
Attachment Deleted$7389.82 on the invisible Debit Card to SunTrust. Assuming it is a DEBIT because there are no receipts identifying vendors and all the dates are the same, as in a batch entry. We owners cannot know for certain. If this is a Credit Card, why are'nt the amounts of each purchase identified with specific vendor, purpose note and date? Or is this asking too many questions? (I don't think owners are permitted to ask questions about the budget details.) The 2017 Legislature OUTLAWED use of Debit Cards for CONDOS, effective July 1, 2017. Perhaps next year the law will also be applicable to HOA.
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Post by jimherbst on Aug 3, 2017 20:30:56 GMT -5
This posting intrigues me. There may not be any specificity with respect to the credit card charges but those charges should have at least been categorized in the General Ledger; i.e. broken down by budget categories like "Office Supplies. Vehicle Fuel, PoSt age, etc. I'd love to examine SLohA's chart of accounts sometime.
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Post by Admin on Aug 4, 2017 10:37:11 GMT -5
jimherbst posted:
I think there might be some breakdown of these expenses but this is not evident. There have been repeated requests to Toneesha for a listing of accounts (not categories!)--the actual accounts.
We have been asking for years that this SIGNIFICANT large monthly expense be revealed and transparent. I believe some of it is legit charges using internet vendors. However, Accountant has has refused to detail these expenses for members. And the Board has allowed to refuse to reveal this information to Members. One has to ask: Is there something to hide? There are likely many embarrassingly self-serving charges within this monthly INVISIBLE grouping of card charges including airplane fares, lunches, dinners, gifts etc.
It should be noted that I have also asked the Board to reveal the TRUE costs of the slresort.net website which was originally represented as anticipated at $80/mo. I believe the true costs are in the HUNDREDS and that the website has done nothing to roll back paper costs of communication, effectively DOUBLING costs of communication.
But, we members are not permitted to have this information. So you will have to remain "ignorant and intrigued".
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