08/19/2025
Members, does the Annual Newsletter contain inaccuracies or misrepresentations? You should evaluate the information independently, as it highlights improvements in members' payments. However, it fails to mention the $15,000 loan from the capital improvements account, which was borrowed in two installments of $5,000 and $10,000, it that all? Doesn't look like it. Why was this information omitted? Furthermore, there is no indication of whether the loan has been repaid. The Newsletter praises the pool's condition, but simultaneously, bids were solicited to repair the improperly installed skimmers. This raises concerns, considering the $177,000 expenditure and the lack of a warranty. I question whether the board is acting in the best interest of the membership. The provided Profit and Loss statements for 2024 and 2025 are inconsistent and incomplete, with no available data for 2025. Why is this information not being provided? Attached are a few screenshots, with better copies to follow. These documents include a combination of Profit and Loss statements and meeting minutes, although many are still missing. Why are comprehensive financial records, including checks and bank statements, not being disclosed? The management has spent approximately $350,000, but the details of these expenditures are not transparent. The meeting minutes mention the loan and repayment amounts, but it appears that only a minimal amount has been repaid. These funds are designated for capital expenditures, not operating budget expenses. It is concerning that the management advises against relying on social media, potentially to conceal the truth. I encourage you to review the records independently and form your own opinion. The current state of the parks is subpar, and it is not the local members who are being misled, but rather those who do not reside here or are not frequently present.
