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5/17/2008 10:29:49 PM
 
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Section 5: OPA Board Subject: Ocean Pines Report Msg# 561807
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Quotes from Zawacki: By June, the Board is expected to be reviewing proposals from qualified contractors to rehabilitate our existing Community Hall. Do we at any time accept quotes from unqualified contractors? Working hand in hand with the Ocean Pines Volunteer Fire Department, we are exploring options for a new stand alone building to house fire apparatus. Baloney. The board already voted to give the fire department a chunk of White Horse Park. In general the President's report is the typical pure meaningless fluff. |
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For reference, the above message is a reply to a message where: Bill, I just received a the Spring 2008 edition of the Ocean Pines Report. I direct your attention to page 10 and the Financial Report for 11 Months Ending 3/31/08. I have to say that the results are very misleading and neither the GM, Controller or the Board seem to mind. According to the Net Operating Summary, the Actual Net Operating (income) is $3,881,757. Obviously, net income after 11 months is not $3.9 million. Other expenses are missing - at least those from reserves. That brings me to the Capital Summary. I suppose this is just expenses (unlike the Net Operating Summary) but who knows. What is this supposed to tell the members? I don't understand how we have a $1,065,000 variance - do we have any budgeting integrity? Do you believe this report is comprehendable to most? I look forward to you reading the post; perhaps you may have the "time" to respond.
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