TristaJ (Texas)
Posts: 96
Posts: 96
Posted:
Hello,
Texas Trista again
. HOA run under TPC 209. This post is about TPC 209.0051.
Our budget meeting is supposed to be tomorrow.
Just got this e-mail from our PM:
"BOD,
Please find attached packet for tomorrow’s meeting. This is the last opportunity to approve the budget so if the board does not want the 9% increase please advise so we can have a budget ready for approval tomorrow."
So I replied "I thought we were not to vote on budget stuff outside of an open meeting?"
PM response: "It should be under old business on page 10-11 of the attached."
I had asked our association attorney last week about the budget meeting and his response below.
"Good morning,
No, the Association’s board cannot meet to determine a budget outside an open board meeting. The Association’s board cannot consider or vote on increasing assessments, and cannot consider or vote on approving or amending an annual budget, except in an open and properly-noticed board meeting."
So I am confused why our PM is asking about approval before the meeting? What am I getting wrong? The way I read it, we're not allowed to discuss the budget outside of an open meeting.
Texas Trista again
Our budget meeting is supposed to be tomorrow.
Just got this e-mail from our PM:
"BOD,
Please find attached packet for tomorrow’s meeting. This is the last opportunity to approve the budget so if the board does not want the 9% increase please advise so we can have a budget ready for approval tomorrow."
So I replied "I thought we were not to vote on budget stuff outside of an open meeting?"
PM response: "It should be under old business on page 10-11 of the attached."
I had asked our association attorney last week about the budget meeting and his response below.
"Good morning,
No, the Association’s board cannot meet to determine a budget outside an open board meeting. The Association’s board cannot consider or vote on increasing assessments, and cannot consider or vote on approving or amending an annual budget, except in an open and properly-noticed board meeting."
So I am confused why our PM is asking about approval before the meeting? What am I getting wrong? The way I read it, we're not allowed to discuss the budget outside of an open meeting.