Board Denies Presence Of Fatal Errors In 2019 Budget But Still Refuses To Answer Simple Questions

ORIGINAL POST: NOVEMBER 20, 2018

The budget adoption meeting is still on for Monday, but with the Thanksgiving Holiday quickly approaching, my wife and I have yet to receive responses to our simple questions from the Association run by the “Time for Transparency” Board of Directors, which still has an unfilled vacant board officer/director position.

Below is the list of questions my wife and I are still waiting for the board and management to respond to:

  1. Please cite the authority that allows the Association to charge unit owners for non-common area expenses?
  2. Why does a ($106,919) change in Special Assessment Income in 2019 result in a $106,919 increase in total regular and parking assessments?
  3. Why does a $250,008 decrease in Special Assessment Expense in 2019 result in a $250,008 decrease in total regular and parking assessments?
  4. Why is there a profit in the cable t.v. pass through account (cable t.v. fees less cable t.v. expenses)?
  5. How much of 2017 Actual Operating Fund Losses are included in “Provision for Contingency” category in 2019?
  6. How much of 2018 Projected Operating Fund Losses are included in “Provision for Contingency” category in 2019?
  7. Please explain in great detail how the projected 2018 expense for “Provision for Contingency” will go from $0 today to $380,000 in less than eight weeks?
  8. Why has Helper C’s hours been cut drastically from 20 hours/week? Has this workforce change been approved by the union?

Published by mnovak431

Bullied At State Parkway Condominium Association is a blog that details the very serious financial, management and litigation issues at State Parkway Condominium.

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: