LouV (Florida)
Posts: 7
Posts: 7
Posted:
After being on a BOD (Florida) at my last community (Townhouses-HOA) for 6 years we now have moved into a single family home (HOA). I am now on the BOD's and have an issue with one of the board members in spending money allocated to this years budget. In short our 2015 budget was approved by the community, mailed out to each owner and issued again at the annual meeting in Jan. 2015. In the budget $35,000 is set aside for landscaping improvements to keep up Community Wide Standards and common area / homeowner plantings when needed. THe ACC just spent about 10K on the improvement of the complete entrance way and the board member is complaining that this was not discussed / approved at a board meeting and did not have the authority to do this without board consent. It was discussed as the head of the ACC community presented this to the board at a monthly meeting and the board stated that you have the money to do this - go ahead. My understanding is that the ACC can use up this allocated monies either throughout the year or in one shot. If they go over budget they then have to come back to the board to get approval for more money. As long as they do not spend the money foolishly then can do what is necessary to maintain the beauty of the community. Am I correct in this understanding? thank you.