Treasurer Section
Treasurer Helen Curtis believes that this corporation doesn’t have to file a 1099 for the Secretary even though she is paid over $600 a year and is classified as a contractor not an employee. Continue Reading....
The authority to charge for estoppel certificates is found in the Statutes. Continue Reading,,,,,,
Madam Treasurer; why aren’t the deposits for the hall rental being accounted for? What accounting principles are you adhering to? It certainly isn’t GAAP.
Has anyone seen this year’s budget yet? Don’t worry, every member will be notified within 10 days of its completion because the directors understand and follow all laws governing this HOA. They’re state certified, don’t you know.
The treasurer is encouraging the members to use Zelle to make payments directly to the HOA’s bank account using her personal email address. View the Post
The 2024 financial documents have been posted on the association’s website for a few days now. Has anyone else noticed that the monthly reports don’t match the fiscal year report? It’s probably just a classification error. They also show that Treasurer Helen Curtis is continuing the decades long tradition of violating the Charter.
They usually have a few members look over the financials at the end of each year and call it an audit before posting the full year report. Although, that requirement isn’t in the Governing Documents. Maybe an “audit” will still be done because how she is reporting it now is nonsense and demonstrates the lack of transparency in this HOA. She needs to start implementing GAAP, Generally Accepted Accounting Principles comprise a set of accounting rules and procedures used in standardized financial reporting practices. By following GAAP guidelines, compliant organizations ensure the accuracy, consistency, and transparency of their financial disclosures.
If no changes are made within a reasonable time, we will prepare a report making it easier to understand the disclosure and post it here. If any changes are made, we may still do a report and hopefully it will be shorter. The treasurer doesn’t have the authority or the knowledge to fix all the violations anyway.
It’s well into the second quarter of this corporation’s fiscal year and the budget has not yet been presented to the members. If they have a budget, it appears they are keeping it a secret. Which isn’t uncharacteristic for the directors. We couldn’t find any previous year in which the budget was not finalized well in advance of this point in time.
The annual financial report for 2024 has been finalized and it contains multiple violations of Florida Statutes. It also confirms a long standing Charter violation.
There needs to be a thorough and serious discussion about specific policies and how they are affected by Florida Statutes and Federal Law. This dialogue is crucial, as it serves not only for immediate operational clarity but also represents a foundational step away from potential failure. Such discussions can lead to a more structured approach, ensuring that all directors and officers are aligned and aware of their duties within this Homeowners Association.
