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If you have a Facebook page, the only option is public. If it is private, that means you probably already have a group, not a page.
You are right; I am not a Facebook junkie.
Last night we had the HOA meeting on Zoom. They voted to open the gym, with a big "subject to"; the lawyer's opinion. I am a lawyer and few would want to give an opinion on that issue. On the pool, lot of fumfering. Basically, for the first time they are exploring using an alternative brand, instead of the unobtainable one and are going to "start the process" of seeking its approval. The HOA President looked caged enough that I sympathized with him. He just does not want things open but is facing obvious pressure.
While amenities have been curtailed, the 'majority' of the costs for many HOAs are fixed so I am assuming that most HOA P&L statements will not show significant excess cash. If there is excess cash, most HOA guidelines provide for how to handle them. By definition, non-profits cannot make a profit.
Actually, that's a myth. There are limitations on how the profits can be distributed, and even whether such profits are taxable, but in any event, nonprofits are permitted to make a profit.
While amenities have been curtailed, the 'majority' of the costs for many HOAs are fixed so I am assuming that most HOA P&L statements will not show significant excess cash. If there is excess cash, most HOA guidelines provide for how to handle them. By definition, non-profits cannot make a profit.
Actually, that's a myth. There are limitations on how the profits can be distributed, and even whether such profits are taxable, but in any event, nonprofits are permitted to make a profit.
I am not concerned with this HOA as to mishandling of cash. As I have said repeatedly running the pool is the equivalent of running a pool at a Day Camp for 5-10 year olds, and frankly they don't like the hassle.
Actually, that's a myth. There are limitations on how the profits can be distributed, and even whether such profits are taxable, but in any event, nonprofits are permitted to make a profit.
Quote:
Nonprofits can make a "profit" (and should try to have some level of positive revenue to build a reserve fund to ensure sustainability.)
I was speaking of profit in accounting terms as an accountant. Non-profits can NOT have a distributed profit.
As I stated HOAs as a non-profit must have written guidelines concerning excess funds. To prevent the creation of a Slush Funds there are statutory limits on creating "reserves".
I was speaking of profit in accounting terms as an accountant. Non-profits can NOT have a distributed profit.
As I stated HOAs as a non-profit must have written guidelines concerning excess funds. To prevent the creation of a Slush Funds there are statutory limits on creating "reserves".
Back around 2004 or so the association admitted openly that a few line items in the budget, including that for "security" were to some extent for emergency or discretionary use. My HOA has never had an issue with fiscal dishonesty, even if they shade the truth on other issues.
Back around 2004 or so the association admitted openly that a few line items in the budget, including that for "security" were to some extent for emergency or discretionary use. My HOA has never had an issue with fiscal dishonesty, even if they shade the truth on other issues.
Budgets for expense items should reflect the actual expense from the prior year / years plus any known increase/decrease or changes. To budget over cost would require collusion on the part of the entire board.
Budgets for expense items should reflect the actual expense from the prior year / years plus any known increase/decrease or changes. To budget over cost would require collusion on the part of the entire board.
The amounts were relatively minor, something like $5,000. Most active members wanted the HOA to have some degree of flexibility.
Mind you I am generally pro-management. This thread is posted more out of sadness and disappointment than anger.
I believe that the OP stated that the pool was not open due to not having a pump(s) that worked. You can't use something that isn't operable.
I think the OP's best solution is to simply run for President of the Board next time and then he/she could solve all these problems himself. I'm sure it would be easy.
Mechanical issues delay the opening or for the closing of commercial pools, all the time. Your county/ state health department can and will also shut it down if operation is not up to snuff.
Seems like nearly everything is on back order right now. Why not a part for a pool pump?
It is definitely a real estate management issue. And while I rather like swimming, and my wife liked the gym, I am concerned that the closure of amenities could lop a good amount of market value off.
It’s a temporary situation, no?
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