Where has your money been going, you ask?

Just for this year alone (3 months) we have a grand total of over $25,000 unauthorized expenses. What does unauthorized mean?

Every expense that ACM pays for the Association must be approved by the BOD. So when the BOD approves a contract and we pay monthly or in portions on that contract, that IS an authorized expense.

Unauthorized expenses are those that the BOD has no knowledge of, and never approved. This is why our expenses are so out of control. The BOD is to control our expenses, not our contractor.

Is one person from the board enough to authorize the expenses? No! Absolutely NOT! That’s not how a board of directors is supposed to operate. The bylaws clearly state it is the Board of Directors responsibility to spend your money, not the President, not the Treasurer, and certainly not the hired contractor.

We take in a total of approximately $380,000 per year in assessments. That’s 15% of our expenses for which we are responsible and for which we as a BOD cannot account.

That’s sad. Would you be happy if that was your checking account?

Does this mean these items won’t be paid in the future? No. It means we will implement the proper process to have the BOD approve the expenses.

Any questions can be posted below by approved members of the Council.