Dump HOA Treasurer & Board Member

Voting Members of the Summit HOA will vote on December 1st on a slate proposed by the Nominating Committee that hasn't even been revealed to homeowners (Members) yet.

George Reynolds, long-time board member and Treasurer, is up for re-election. Voting Members should not re-elect him.

Why not?

Read your November 2020 Summit Scoop. Especially the Finance Committee report which reads, in part:

"George Reynolds reported that all the finances remain very strong. Accounts receivable showing higher due to back assessments being paid. George Reynolds made a motion to write off $103,000 from 46 previous homeowners..."

"All" finances are NOT remaining strong, if the HOA is to write off $103,000.

Accounts Receivable would show LOWER due to back assessments being paid. Accounts receivable are the monies owed TO the HOA.

The average amount per home being written off is $2,239. How did it ever get that high?

Why should Members believe that "Every attempt has been made to collect the funds."

I was Treasurer of a townhouse HOA in Colorado in the early 1970s. It's a nasty job, and you have to "mind the store" every day.

It's time for a new Member to replace George and for the HOA board to select a new Treasurer.

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