FrancescaM (Washington)
Posts: 264
Posts: 264
Posted:
WOW.. this has been an issue and frankly it makes me wonder how much money of ours had gone missing?
This last year on our board a few things were redone. Including the treasurer's checks and monthly run being cosigned by our president just for review. It was very hard to enforce as the treasurer always signed the checks in regard to the monthly bills and statements. The treasurer took it as a personal attack.. But honestly it's worked out well
Our president and I are friends outside of the Board. We also serve together and this gives me previe to things that our HOA is dealing with, often the Prez hears about first.
Yesterday it was brought to my attention that this months check run had another error in it. I asked what kind of error? Since our Prez has been reveiwing monthly check runs. She has caught 5 separate instances where our PM accidently billed us or gave us a statement that didnt' belong to THIS HOA and our Treasurer signed the issue check not asking. For example?
Ficticious names of course.
Our gardening service is named Proscape Landscape
Our check for the gardening service were for Premier Landscape...
It has been about $1000 in payments that could of been paid out if we didn't have a spare set of eyes looking at funds.
Our treasurer does not take being questioned lightly. But in the view of this, our president is planning on talking to homeowner to homeowner about NOT voting for this person in our annual meeting.
Really, other than a set of eyes on this, what can one do?
This last year on our board a few things were redone. Including the treasurer's checks and monthly run being cosigned by our president just for review. It was very hard to enforce as the treasurer always signed the checks in regard to the monthly bills and statements. The treasurer took it as a personal attack.. But honestly it's worked out well
Our president and I are friends outside of the Board. We also serve together and this gives me previe to things that our HOA is dealing with, often the Prez hears about first.
Yesterday it was brought to my attention that this months check run had another error in it. I asked what kind of error? Since our Prez has been reveiwing monthly check runs. She has caught 5 separate instances where our PM accidently billed us or gave us a statement that didnt' belong to THIS HOA and our Treasurer signed the issue check not asking. For example?
Ficticious names of course.
Our gardening service is named Proscape Landscape
Our check for the gardening service were for Premier Landscape...
It has been about $1000 in payments that could of been paid out if we didn't have a spare set of eyes looking at funds.
Our treasurer does not take being questioned lightly. But in the view of this, our president is planning on talking to homeowner to homeowner about NOT voting for this person in our annual meeting.
Really, other than a set of eyes on this, what can one do?