BobM25 (Florida)
Posts: 1
Posts: 1
Posted:
Can the president and treasure of the board purchase computers for their exclusive use for board matters with board funds?
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Board Purchases
Started by BobM25 • 6 replies • 923 views
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KellyM3 (North Carolina)
Posts: 2,239
Posts: 2,239
Posted:
It's likely allowed because it's not expressly forbidden in writing by HOA rules. However, I'd consider it a poor investment of HOA funds, at least, for my organization. Technically, those computers are for the exclusive use of the President & Treasurer and, when those offices change, those computers return to the HOA board or property manager.
TimB4 (Tennessee)
Posts: 21,059
Posts: 21,059
Posted:
I doubt the President purchased such items without prior approval from the Board.
Hence, it was a Board purchase not an individuals.
I would ask what policies are in place concerning use of the Association computers.
Hence, it was a Board purchase not an individuals.
I would ask what policies are in place concerning use of the Association computers.
MelissaP1 (Alabama)
Posts: 13,836
Posts: 13,836
Posted:
Are you managed by someone or do you all manage yourselves? If you self-managed, then can understand the need for a computer for the HOA to use. Hopefully, they will understand it's may not be a tax deduction on their personal taxes. It could be for the HOA.
Former HOA President
SueW6 (Michigan)
Posts: 814
Posts: 814
Posted:
Are you attending meetings? Was there a motion to purchase these computers?
JohnS111 (New York)
Posts: 228
Posts: 228
Posted:
Quote:
Posted By SueW6 on 06/01/2019 11:59 AM
Are you attending meetings? Was there a motion to purchase these computers?
Are you attending meetings? Was there a motion to purchase these computers?
Agreed. It would have been best to have those purchases approved by a majority of disinterested directors. The bylaws might not require that, but that would be best practice.
GenoS (Florida)
Posts: 4,276
Posts: 4,276
Posted:
Quote:
Posted By BobM25 on 06/01/2019 6:21 AM
Can the president and treasure of the board purchase computers for their exclusive use for board matters with board funds?
Can the president and treasure of the board purchase computers for their exclusive use for board matters with board funds?
It's probably OK but as others have said, check to make sure the purchases were done properly. I also agree with Tim, see if there are policies that must be followed, such as when they leave the board they are required to turn over the computers to their replacements. Or relinquish them in general to "the board" so they're not seen to be personal perks.
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