TerryB6 (Oklahoma)
Posts: 38
Posts: 38
Posted:
Our association board was reduced down to two members; all others had resigned due to conflicts with the remaining members. The board started to call for elections back in October of last year. Four attempts at obtaining a quorum of residents in order to have an annual election had failed. Finally, enough residents were gathered to have an election in January. I had previously been approached by several of my neighbors about running, so I agreed to help. Armed with a few proxies from residents on my street, away I went. Five residents were elected; I was one of the lucky few.
In the beginning, everything seemed to be rolling along quite nicely. I was wondering where all the horror stories were coming from about the current BOD President (re-elected) as there did not appear to be any basis for concern. Then it happened...
For two BOD meetings, no financial report had been given. Any previous questions had been answered by "Here's the checkbook if you'd like to look at it." At the next meeting, a simple sheet was presented; it had an opening balance, a few deposits listed, a couple of utility bill amounts listed, and a closing balance. When asked for previous months, the past two months were also presented in the same format. No explanation and very minimal detail. After the meeting, a board member plugged the numbers from the financial sheets into some accounting software, and found a shortfall in excess of 1,000 dollars. When this was presented to the BOD President, the response was "I just added wrong". On the financial sheets, the opening and closing balances were scratched out and changed to reflect the shortage indicated. No explanation of where the error was, no missing invoices or receipts, nothing. Just "Ooops, sorry."
That's when the feces hit the orbital air circulation device. Another BOD member discovered that the board did not have anyone on the bank account. No elected board member or officer. Simply the President's neighbor. This neighbor had sole access to the account for 325 homes. Not even the Treasurer was on the account. Finances were shuttled back and forth from the neighbor to the President. All financial information came from the President, as he had "his own accounting system that he was used to using." Two board members approached me and asked if I'd be willing to go to the bank with them. I agreed. The bank visit resulted in the "neighbor" being removed from the account, and the account locked down until a minimum of two board members can get added to the account. A credit check is required by the bank. I'm the only one at this point that has qualified to be on the account. Access won't be granted without another party.
Then the Facebook wars began. Neighbor against neighbor. Board member against board member. I am the only one that refused to become engaged with that fiasco. From what I'm told, the personal attacks were vicious. One members personal finance troubles were posted on FB, as well as court records from their past. Long story short, all have resigned, except me.
Can anyone help?
Thanks...
In the beginning, everything seemed to be rolling along quite nicely. I was wondering where all the horror stories were coming from about the current BOD President (re-elected) as there did not appear to be any basis for concern. Then it happened...
For two BOD meetings, no financial report had been given. Any previous questions had been answered by "Here's the checkbook if you'd like to look at it." At the next meeting, a simple sheet was presented; it had an opening balance, a few deposits listed, a couple of utility bill amounts listed, and a closing balance. When asked for previous months, the past two months were also presented in the same format. No explanation and very minimal detail. After the meeting, a board member plugged the numbers from the financial sheets into some accounting software, and found a shortfall in excess of 1,000 dollars. When this was presented to the BOD President, the response was "I just added wrong". On the financial sheets, the opening and closing balances were scratched out and changed to reflect the shortage indicated. No explanation of where the error was, no missing invoices or receipts, nothing. Just "Ooops, sorry."
That's when the feces hit the orbital air circulation device. Another BOD member discovered that the board did not have anyone on the bank account. No elected board member or officer. Simply the President's neighbor. This neighbor had sole access to the account for 325 homes. Not even the Treasurer was on the account. Finances were shuttled back and forth from the neighbor to the President. All financial information came from the President, as he had "his own accounting system that he was used to using." Two board members approached me and asked if I'd be willing to go to the bank with them. I agreed. The bank visit resulted in the "neighbor" being removed from the account, and the account locked down until a minimum of two board members can get added to the account. A credit check is required by the bank. I'm the only one at this point that has qualified to be on the account. Access won't be granted without another party.
Then the Facebook wars began. Neighbor against neighbor. Board member against board member. I am the only one that refused to become engaged with that fiasco. From what I'm told, the personal attacks were vicious. One members personal finance troubles were posted on FB, as well as court records from their past. Long story short, all have resigned, except me.
Can anyone help?
Thanks...