Sunday, May 6, 2012
LOOKING FOR TROUBLE IN ALL THE WRONG PLACES
Looking for Trouble in All the Wrong Places
At the May 4 Delegates Meeting, we spent a lot of time on two issues that never should have come up.
Dorothy Tetro proposed moving money around in the budget because we don’t have enough money in road reserves. She also was concerned that “we have many line items with no expenses.” Former Treasure Ed Black explained that filling up line items is unnecessary because we have adequate reserves and insurance for the things like roads and hurricanes that Dorothy is worried about.
The financials shown clearly prove there is $90,575.38 in road reserves although we still owe $149,424.62 more. There's also a $755,625 remaining surplus which would allow for the balance to be paid -- still leaving more than $600,000.00 and the one month’s surplus which the Auditor, Dorothy and Ed agree should remain for our protection. The money is there to pay our bills and we are current in all payments. Pumping up line items for contingencies already accounted for will only lead to unnecessary budget increases for residents.
Let’s not forget that the budget prepared for 2012 saved residents money. Why change a budget structure that follows standard accounting practice and has proven its validity? Dorothy wants to do a good job, but she needs to listen to Ed and other accountants who can compensate for her lack of credentials in finance.
Ed Grossman didn’t think our paving contractor was living up to our contract, so he turned us in to the authorities for a code violation—striping in some cases exactly doesn’t match the stipulated 9-foot length for the lines delineating parking spaces. Could there have been a more destructive way to handle this?
To make a point (Ed said he had tried to get the contractor to respond to the issues he raised), he put the whole Village at risk for enormous disruption if we are forced to redo all the striping. Working through the proper processes might have taken longer, but we would have gotten this resolved. But instead, who gets hurt? Residents and the Village generally if code inspectors demand that the striping is redone. Then there’s the Pandora’s Box that will open when inspectors come in and begin to identify more and more non-critical, non-life threatening violations that come with a huge 40-year-old complex where compliance is bound to be less than perfect.
We need mature management of our finances and affairs by people who know what they are doing. Officers like Dorothy can turn to the talent that resides in the Village and is willing to help. Ed Grossman can find better ways to solve problems. Wholesale disruption of our meetings for issues best resolved elsewhere is not the way to go. Dorothy and Ed, please put your energies toward things that will improve life for our residents. Line item formats and parking lot stripes are not what we need from our officers.