Dear Neighbor,
In reply to the latest letter, proposed budget and proxy sent by our illustrious president Doug Parker I can only make the following comments:
First, why does it take so much pressure from the community to get the present board to go to work and do the things that should have been done in the first place? The reduction in electrical costs is long overdue. And no recent drops in the cost of electricity have been evident – so the savings have probably been available all along. All a lazy board had to do was research it and find a better deal. In other words – do their job.
Second, how can the board scream about needing additional funding when they were able, albeit under the same pressure, to present a somewhat balanced budget that even allows payment of 2009 shortfalls of Eighteen Thousand Three Hundred Ninety ($18,390) dollars?
Third, why is the proposed budget presented in a “combined” format? I think that the presentation should be by section, allowing us to see where and when the money will be spent.
Fourth, why are we budgeting $9250 dollars for accounting and CPA fees? If we assume that the association has 40 payments per month, taking an average of five (5) minutes per transaction to pay and record in a suitable accounting program, we can make a further assumption that this requires three and one third (3.33) hours per month. This works out to forty (40) hours per year. Now assume an additional ten hours at the end of the year to print out an annual line item profit/loss statement and prepare tax documents. The total is now fifty (50) hours of work. Divide the $9250 by 50 and you get a whopping one hundred eighty five dollars per hour ($185). How many of us working stiffs would like to earn this kind of money? Who is this whiz of a bookkeeper/accountant anyway? Is he/she related to anyone we know?
Fifth, how much do you suppose it costs us to have our prez send out the numerous appeals that have been sent? Let’s assume postage of $.44 and a cost, excluding any labor, of about $.20 each for a total of $.66 for each correspondence sent. Multiply this by 741 and we get a raw cost of six hundred seventy five ($675) dollars. I know of two letters that have been delivered, so Big Doug has spent at least One Thousand Three Hundred and Fifty ($1,350) dollars telling us that they can’t pay our bills. Is something wrong here? Does this sound like responsible fiscal management to you?
It’s way past time for a change. Please do come to the annual meeting. If you are unable to do so, appoint a responsible friend or neighbor as your proxy to vote for change. Please do not sign the proxy sent by the board. They will only use the vote to maintain the “status quo”.
Sincerely,
A Caring Meadowcreek Neighbor
In reply to the latest letter, proposed budget and proxy sent by our illustrious president Doug Parker I can only make the following comments:
First, why does it take so much pressure from the community to get the present board to go to work and do the things that should have been done in the first place? The reduction in electrical costs is long overdue. And no recent drops in the cost of electricity have been evident – so the savings have probably been available all along. All a lazy board had to do was research it and find a better deal. In other words – do their job.
Second, how can the board scream about needing additional funding when they were able, albeit under the same pressure, to present a somewhat balanced budget that even allows payment of 2009 shortfalls of Eighteen Thousand Three Hundred Ninety ($18,390) dollars?
Third, why is the proposed budget presented in a “combined” format? I think that the presentation should be by section, allowing us to see where and when the money will be spent.
Fourth, why are we budgeting $9250 dollars for accounting and CPA fees? If we assume that the association has 40 payments per month, taking an average of five (5) minutes per transaction to pay and record in a suitable accounting program, we can make a further assumption that this requires three and one third (3.33) hours per month. This works out to forty (40) hours per year. Now assume an additional ten hours at the end of the year to print out an annual line item profit/loss statement and prepare tax documents. The total is now fifty (50) hours of work. Divide the $9250 by 50 and you get a whopping one hundred eighty five dollars per hour ($185). How many of us working stiffs would like to earn this kind of money? Who is this whiz of a bookkeeper/accountant anyway? Is he/she related to anyone we know?
Fifth, how much do you suppose it costs us to have our prez send out the numerous appeals that have been sent? Let’s assume postage of $.44 and a cost, excluding any labor, of about $.20 each for a total of $.66 for each correspondence sent. Multiply this by 741 and we get a raw cost of six hundred seventy five ($675) dollars. I know of two letters that have been delivered, so Big Doug has spent at least One Thousand Three Hundred and Fifty ($1,350) dollars telling us that they can’t pay our bills. Is something wrong here? Does this sound like responsible fiscal management to you?
It’s way past time for a change. Please do come to the annual meeting. If you are unable to do so, appoint a responsible friend or neighbor as your proxy to vote for change. Please do not sign the proxy sent by the board. They will only use the vote to maintain the “status quo”.
Sincerely,
A Caring Meadowcreek Neighbor