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The printouts from the check registers don't match the bank statements. I loaded it all their check register printouts onto Quicken and then printed a register. There were a number of checks identified as Void on their register that I found deposited into the Capital Reserve Account - but by writing Void on their register it gaves a false bottom line to the owners.
The money is still there, in the reserve account, doesn't matter what the (manually maintained) register says. So it isn't missing anything. Treasurer is incompetent, which isn't out of the ordinary for an dysfunctional HOA.
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Every couple of months the Board assures everyone we are within our budget to date. But last year they stole from Peter to pay Paul. .
"to date" is the key word. If they are figuring annually, this would be correct. If they are over budget for the year, this story will change as the end of the year gets closer. OR maybe they did budget for expenses beyond what they take in this year, and planned on using funds from the reserve. Nothing wrong with that, bills need to be paid. Do you have any idea what the budget looks like?
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They spent about 10,000 on lawyers last year - I think to see if they needed to do the repairs as required by our ByLaws.
HOA's are spending too much money on lawyers. Yes, this is true.
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The real issue is noone cares..
You care. Question is what are you going to do about it? If you want to change things you need to get involved as an officer or director. If not, your stuck with their decisions.
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It's outrageous that Boards have so much power. Wish I knew how to propose legislation to protect owners.
You are protected, you can vote. Vote them out if they are doing a bad job.
As for power.... someone needs to pay the bills, deal with legal issues, maintenance, finances, etc. If not your BOD or officers... who would do this for you? No one.