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I see this useless nonsense gets good real estate:
We need to be talking less about cats and more about this—you know, the elephant in the room that must never be discussed:
(August Edgewood Voice)
(September Edgewood Voice)
Where is the Accounts Payable?
Has the decimal point fallen off the wagon, again?
Why were you informed by the board in writing and at the annual meeting that the association had 55% reserves saved, equivalent to about $800K, when in reality the current amount is only about 12%? You have $10K less cash this month than last month, and they left off the accounts payable figure. I believe you need an audit. Do not conduct the audit under Board leadership that has previously falsified your financial disclosures.
100% is ~$1.6M, per the Reserve Study.
This is a huge problem, just on its own, as you do not have accurate financial forecasting.
This article has been updated:
https://birdcageheights.com/2024/07/21/8-reserves-in-the-bank-not-55/
The Board's absolute and total silence on this matter speaks loudly, and it speaks very clearly.
https://artsandculture.google.com/story/who-really-said-these-5-famous-phrases/JAXh1xsiCEHOqw?hl=en
Shane Hill