Spending Special Assessment Money on other than voted for.

Our association had a special assessment, which the association members approved. The items that they approved the assessment did not cost as much as the thought. Can the Board President take and use the left over money on any thing else, especially with a vote from the Board of Directors.

The Special assessment was $150.00 per lot, we have 198 units. The special assessment was to get our swimming pool drain fixed and to purchase a new lawn mower. The cost of the swimming pool was suppose to be 24,000, but via rumors is did not cost that much. The President was not informed the board members of the cost. When they drained our pool, we had a salt water system, the day they drained it was working but when the refilled the pool after they work was done, it did not work. Several of the board members feel that the salt water system should of been fixed, if there was extra money.
As of today, I do not know how much money was left over from the Special assessment.
The members of the association voted to spend the money on the pool and lawn mower, not anything else. I feel that the money should of been placed into a capital improvement account, or into our reserve account.

Cathy,

I agree with Michele. Rumors are just that! You need to base your actions on facts. Perhaps you can volunteer your services to edit a monthly newsletter that would be used to inform the members of board actions. Like so many HOA boards, it sounds like there is a communication problem with yours!!

IMO, the money from the special assessment should have been put into the reserve account. If anything was left over the excess should be used for any other capital improvements that reserve funds are used for. If $24,000 was the projected cost of the pool work, does that mean $5,700 was earmarked for a new lawn mower?