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6/24/2009 3:25:54 PM
 
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Section 23: OPA Elections Subject: 2009 Candidates Forum Msg# 680272
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Joe, The true perspective is we lost $417,944, and just as true is this loss equates to a $50 per year assessment increase. If in fact after all is said and done, OPA has a profit of $41,000, how is that a bad thing for our association? Couldn't the $417,944 be considered as an operating expense and OPA as a whole made $41,000. Maybe I am not seeing the entire picture. Are you saying that as a whole, on a spread sheet, OPA lost $417,944? Or did OPA as a whole take in $417,944 + $41,000 minus $417,944 operation cost leaving a net of $41,000? I may get hammered here on the forum for my lack of accounting knowledge, but an overall profit after operating expenses doesn't seem to bad for a business as a whole. Robert. |
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For reference, the above message is a reply to a message where: Thank you Marty for putting this in proper perspective So Marty's confirmation that "the Yacht Club, Golf Course, or at our aquatic operations which lost $417,944 last year" doesn't bother you? The fact that OPA sucks great profits from association members via its monopoly rates for beach club parking should not cause any association member to give one whit less attention to the $417,944 loss of asssessment dollars mentioned above. The true perspective is we lost $417,944, and just as true is this loss equates to a $50 per year assessment increase. |
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