AB3 (Arizona)
Posts: 44
Posts: 44
Posted:
For those that have listened to my concerns before thank you so much for your help. Yes, I did get the information but would not read the pre-written report because I didn't get it until I asked for it. I kinda got it all the rules and regulations and the bylaws were from 2004 didn't even include the updates made at the annual meeting. Didn't contain Roberts Rules but the PM included some guidelines.
1). No budget approved at annual meeting
2). Policies and Procedure's that the new board will follow to conduct business not adopted or mentioned.
3). Have been told that new board is not required to stand behind the word of old board.
4). Two or three times we got told "oh this is approved already by the previous board." Which is a lie. A. We are not obligated to any decisions the previous board made except contracts. B. No bid No vote. C. No vote or mention of these things in the previous 3 months of minutes.
4) Missing documentation which has caused 5 years of unreported income. Which will total thousands in penalties and interest.
Our PM does nothing and says nothing. He doesn't say pardon me you can't do that or it doesn't matter what the previous board discussed without bid you can't have a vote. Not even to say the missing documentation must be handled asap due to the potentially devistating issues it will raise. They just laugh it off acting like they know all about it but will not provide any information. As I see it they are falseifying information by knowingly not updating the information on the books. Something like tax fraud comes to mind when people falsify tax returns.
How do I handle this, make it public to all the owners? Quietly ask her to step down. I'm kinda to the point of making it public by way of a flyer in all the mailboxes or contact the IRS and quit. I don't understand how the PM could let this go for this long. How much proof do I need on paper? As treasurer do I have the right to ask for copies of the tax returns?
Directors can be removed without reason by majority of the board.
1). No budget approved at annual meeting
2). Policies and Procedure's that the new board will follow to conduct business not adopted or mentioned.
3). Have been told that new board is not required to stand behind the word of old board.
4). Two or three times we got told "oh this is approved already by the previous board." Which is a lie. A. We are not obligated to any decisions the previous board made except contracts. B. No bid No vote. C. No vote or mention of these things in the previous 3 months of minutes.
4) Missing documentation which has caused 5 years of unreported income. Which will total thousands in penalties and interest.
Our PM does nothing and says nothing. He doesn't say pardon me you can't do that or it doesn't matter what the previous board discussed without bid you can't have a vote. Not even to say the missing documentation must be handled asap due to the potentially devistating issues it will raise. They just laugh it off acting like they know all about it but will not provide any information. As I see it they are falseifying information by knowingly not updating the information on the books. Something like tax fraud comes to mind when people falsify tax returns.
How do I handle this, make it public to all the owners? Quietly ask her to step down. I'm kinda to the point of making it public by way of a flyer in all the mailboxes or contact the IRS and quit. I don't understand how the PM could let this go for this long. How much proof do I need on paper? As treasurer do I have the right to ask for copies of the tax returns?
Directors can be removed without reason by majority of the board.