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Audits
Apr 27, 2011 20:33:36 GMT -6
Post by ambergreen on Apr 27, 2011 20:33:36 GMT -6
There was a financial review of the DIPOA books completed in January of this year, and then a followup report completed in February. Those reports should have been published on the DIPOA website by now. Does anyone know the status of these?
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Audits
Apr 30, 2011 10:19:30 GMT -6
Post by virginiashanahan on Apr 30, 2011 10:19:30 GMT -6
There was a financial review of the DIPOA books completed in January of this year, and then a followup report completed in February. Those reports should have been published on the DIPOA website by now. Does anyone know the status of these? Yes, it does seem this would be posted on the POA website and something that should have been disclosed sooner since it could have a direct impact on a persons vote.
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Audits
Apr 30, 2011 17:39:26 GMT -6
Post by whistlingdixie on Apr 30, 2011 17:39:26 GMT -6
Perhaps it would have a direct impact on a person's vote.....the results of the audit are available for anyone's information, should anyone want it...and anyone who attended the meeting in Feb. would know that there was a condensed report, offering suggestions for improvement in accoundting procedures, and pointing out weaknesses in the system....a more detailed report would have put me to sleep, personally.....but to each his/her own.....
Yes, it does seem this would be posted on the POA website and something that should have been disclosed sooner since it could have a direct impact on a persons vote.[/quote]
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Audits
May 1, 2011 7:22:28 GMT -6
Post by virginiashanahan on May 1, 2011 7:22:28 GMT -6
Perhaps it would have a direct impact on a person's vote.....the results of the audit are available for anyone's information, should anyone want it...and anyone who attended the meeting in Feb. would know that there was a condensed report, offering suggestions for improvement in accoundting procedures, and pointing out weaknesses in the system....a more detailed report would have put me to sleep, personally.....but to each his/her own..... Yes, it does seem this would be posted on the POA website and something that should have been disclosed sooner since it could have a direct impact on a persons vote. I've highlighted the key words there, and it is that very information that can nullify an election. Financial details don't bore me, especially when they show in a one year period over $95,000 paid out without invoices, or unauthorized, or some contractors unpaid and overpaid, and some checks deleted from the accounting software. As a matter of fact, not only does this not bore me it gets all my spidy senses tingling.
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will
New Member
Posts: 22
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Audits
May 1, 2011 7:42:06 GMT -6
Post by will on May 1, 2011 7:42:06 GMT -6
I am clipping a paragraph out of an opinion piece in the Washington Post today that surely relates to our little island: I have taken the liberty of localizing it, "What are we to make of these crazed factions that become obsessed with conspiracies, unconvinced by facts? Perhaps most important, what is the rest of the State think of us? Will even neighboring towns and counties someday (soon) look at our little island and say, “Oh, well, those Islanders, they’re crazy, you know”?
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Audits
May 1, 2011 7:56:02 GMT -6
Post by virginiashanahan on May 1, 2011 7:56:02 GMT -6
I am clipping a paragraph out of an opinion piece in the Washington Post today that surely relates to our little island: I have taken the liberty of localizing it, "What are we to make of these crazed factions that become obsessed with conspiracies, unconvinced by facts? Perhaps most important, what is the rest of the State think of us? Will even neighboring towns and counties someday (soon) look at our little island and say, “Oh, well, those Islanders, they’re crazy, you know”? Well no doubt they will once they realize how poorly this POA operation has been managed (or some would say mismanaged). I do wonder how the POA defines insolvency and when the POA will be determined to be insolvent, how it will be determined insolvent, and by whom it will be determined insolvent. As for this "conspiracy" nonsense you like to toss out just because someone labels something a conspiracy in an attempt to shut down an uncomfortable, yet necessary, discussion does not mean it is not a very real problem, and buddy, there is a very real problem in the POA. And to be clear, those financial results are not a "conspiracy." An inconvenient truth for some I am sure. But not at all a conspiracy...unless you want to claim there are some on the board involved in such a conspiracy of their own making. Tell me, what would be their purpose and what and whom are they conspiring against?
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Audits
May 1, 2011 8:23:42 GMT -6
Post by virginiashanahan on May 1, 2011 8:23:42 GMT -6
And for purposes of clarification this was not an actual audit. It was a financial review for a one year period. Heaven only knows what an actual audit going back 3 or 4 years would show.
And that $95,000 I mentioned above is a one year period.
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Audits
May 1, 2011 13:30:38 GMT -6
Post by whistlingdixie on May 1, 2011 13:30:38 GMT -6
I would refer you to the minutes of the Feb. meeting, on the POA website. The financial review is discussed in the minutes....I would imagine that the whole of the review would be availabe, should you wish to retrieve it, through the proper procedure....i.e., ask. The minutes of the Feb. meeting could not be put on the website until after the March meeting, because they have to be approved before they can be posted. The Board of Directors voted to do the financial review, so as to avoid the 5-7 thousand dollars that a full audit would have cost. Had they voted to do a full audit, there would have been an outpouring of objections at spending that money. Just can't win....."spidey" senses aside........and that is a fact...damned if you do, damned if you don't.....love the reference to a comic book character.....
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Audits
May 1, 2011 17:22:00 GMT -6
Post by virginiashanahan on May 1, 2011 17:22:00 GMT -6
I would refer you to the minutes of the Feb. meeting, on the POA website. The financial review is discussed in the minutes....I would imagine that the whole of the review would be availabe, should you wish to retrieve it, through the proper procedure....i.e., ask. The minutes of the Feb. meeting could not be put on the website until after the March meeting, because they have to be approved before they can be posted. The Board of Directors voted to do the financial review, so as to avoid the 5-7 thousand dollars that a full audit would have cost. Had they voted to do a full audit, there would have been an outpouring of objections at spending that money. Just can't win....."spidey" senses aside........and that is a fact...damned if you do, damned if you don't.....love the reference to a comic book character..... The actual results of the financial review are separate and apart from the minutes of the POA meeting unless it is your assertion the board must vote as to whether or not they accept the results of the financial review, which I am certain you are not because that would be patently ridiculous. The results of the financial review should have been disclosed immediately. They are not yet even posted on the POA website and many are still unaware of their existence. You've already stated that financials bore you so I can understand your not wanting to be bothered or even possiblty not understanding the importance and/or meaning of this financial review. However, I would hope your boredom and possible lack of understanding does not drive you to impede necessary action.
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Audits
May 1, 2011 20:29:38 GMT -6
Post by whistlingdixie on May 1, 2011 20:29:38 GMT -6
If you are going to reply to my post, please read it first. I said the review is discussed in the minutes. I said that you could get the full results of the reviews, if you asked for them. I said the minutes could not be posted until the board voted them as approved. The rest of your reply is blah, blah, blah..... Do not put words in my mouth. The financial witch hunt began over a year ago at the insistence of two very zealous board members, and one of them is gone and the other is left holding the bag of poop. I have been listening to the same dribble from the same people for more months of "Old Business" than I care to count. I have taken my necessary action and have voted....an informed vote, I might add, since I probably have a better attendance record at POA meetings than some of our esteemed board members, and many of the property owners who live on the island.
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Audits
May 1, 2011 22:03:08 GMT -6
Post by carolinegraves on May 1, 2011 22:03:08 GMT -6
I still think something is wrong with a board that only votes for $2000 for a three year audit of its financial records, when the members are informed that the bills came in and were sent to the account to pay them without the board approval. Is this true or not?
And now the POA Board is spending thousands of dollars for someone to count Secret Ballots, when the Board could have put all of the Constitution issues on the proxy.
I feel that there is something disturbing about this.
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Audits
May 17, 2011 22:24:33 GMT -6
Post by carolinegraves on May 17, 2011 22:24:33 GMT -6
It looks like in the future, there will have to be a real audit and Will, these crazed factions that become obsessed with conspiracies will have to lead the property owners to the truth. What do you think would happen if the conspiracies are really the truth, that have been covered up this whole time?
Now I feel the audit will have to go back to 2007 when Bill Harper was president, there are still unanswered questions about what the POA attorney was talking to the Town's lobbyist for $22,000 dollars and other unanswered questions.
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Audits
May 19, 2011 15:22:04 GMT -6
Post by skipgrizzle on May 19, 2011 15:22:04 GMT -6
Speaking of unanswered questions,...the recently disclosed Financial reviews of January 15, and February 7, 2011 raises so many it is ridiculouos. This is the most hideous display of financial mismanagement that I have ever seen. It would be impossible for any organization that receives this kind of report card and management to ever remain solvent.
I will no longer fund this kind of mismanagement by paying my dues. Somebody let me know when even a small amount of sanity is restored!
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Audits
Jun 5, 2011 19:10:01 GMT -6
Post by carolinegraves on Jun 5, 2011 19:10:01 GMT -6
How can this be resolved when they will not do an audit of all of the Books. Any new Board of Directors of a Corporation would all ways do an audit with the members question expenses. This is a lot of money. Why won't the Board do an audit? Are they trying to cover up something? Does anybody know if Robin Linn or Charles Gaba is going to report on the Business plan and if it worked?
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Audits
Oct 29, 2012 23:24:08 GMT -6
Post by exonip on Oct 29, 2012 23:24:08 GMT -6
It looks like later on, there will have to be a real evaluation and Will, these insane categories that become passionate about conspiracies will have to cause the property business owners to the truth.And now the POA Board is making an investment plenty of cash for someone to rely Key Ballots, when the Board could have put all of the Framework issues on the proxy servers. Business Development Strategies
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