Dues Increase? Garbage Report from Finance Committee

 At the September 5th private Board meeting on Zoom, a discussion about raising dues was opened. Read this report of the Finance Committee, Vernell Butler, Chair.


What's wrong with this Board?

The monthly budget is $125,000. The HOA has $2,000,000 in banks. Member Receivables (unpaid dues) as of 7/31/23 were $570,056.02, an increase of 31.8% over 6/30/23.

If the Board and CAMS would collect the old money, they wouldn't have to think about new money! Director Dennis Rybicki said a while back, "We don't want to force people out of their homes." 

Okay, tell them to pay their dues. When the deadbeats don't pay, the burden falls on those (you!) who do pay their dues. The HOA is a non-profit corporation, but it is not a charity!

Look at the grammar in that report. Disgusting.

"vetted to the board to be looked at" - what kind of dumb statement is that?

"consideration, remediation and or [sic] change"? - somebody missed a few classes in composition.

"Costing has gone up"? Does Vernell mean "prices"?

"look at a rate hike"? Does Vernell think the HOA is a utility?

"have not had one in years" - Over-collecting in past years resulted in $2,000,000 in the bank. Now you want more???

"keep our catastrophic cap in place"? - What kind of garbage is that? (Definition of catastrophic: "involving or causing sudden great damage or suffering" or "involving or causing sudden great damage or suffering" or "involving a sudden and large-scale alteration in state." Little people shouldn't use big words they don't understand.

"semi-balanced budget" - what does that mean?

"Employee salaries and employee insurance must be put back in the budget"? - The HOA does not have any employees!

This is why the HOA should have a Treasurer who understands finance and accounting. It wouldn't hurt to understand legal terms, either.

The HOA pays CAMS (and its subsidiaries) over $500,000/year. It's time to change management companies. And Directors on the Board who approved that.

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