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6/24/2009 8:39:38 PM
 
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Section 23: OPA Elections Subject: 2009 Candidates Forum Msg# 680406
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Robert, anyone, including me, can spin all this in any number of ways. However, no REAL company would just shrug off a loss on some particular departments just because there was no overall loss. Having said that, assessment increases this year and over the next few years have been due in part to a documented $500,000 operational loss for OPA and the need to recover those losses. So, in answer to your question, OPA has been losing money in overall context. Let me ask, if a $200,000 operation loss on the YC is acceptable, is a $400,000 loss acceptable? Divide $400,000 by 8400 association members and the cost per member is not great. Point is, with good management the YC should make a profit. |
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For reference, the above message is a reply to a message where: 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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