JackiA (Florida)
Posts: 4
Posts: 4
Posted:
I belong to a Florida HOA... our Bylaws state that No Director shall receive compensation for any service he may render to the ASSOCIATION. We have been investigating the financials of the Association and recently uncovered payments to him for $1150 for setting up a website for the organization. This board has been very self serving. We have found out that the Treasurer has not been doing annual audits by an outsider since he took over(required in the bylaws) ., financials are messed up, he's been comingling our checking account with our road fund monies, and basically just doesn't know what he's doing. We have called for a special meeting on this and requested an audit by an outside firm, and in the meantime, the Board has provided the homeowners with a report and internal audit done by one of our Board Members, whcom has covered the Treasurers butt and has disclosed that he has not uncovered any missing funds and all is well. Why would they think we would accept this instead of going with an outside auditor when we don't trust them? Sadly, most of the association won't get involved. Do those of us that want answers have any recourse to them not abiding our request for an outside audit? Also, can the President pay himself for a service that our Association did not ask for or vote on? Aren't the monies limited to maintaining common areas, insurance etc?