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6/25/2009 10:10:01 AM
 
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Section 23: OPA Elections Subject: 2009 Candidates Forum Msg# 680515
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Robert: Let me weigh in here. In my view, you have it exactly right. OPA collected $41K more in income than expenses related to the operation of its business amenities. Joe (and others) continue to only count some of the business amenities... IMHO to make their point. I could pick a different set and make a different point. That is why I have advocated aggregating ALL of the business amenities to get an accurate figure on what they cost or return in total. That said... it is always possible to do better... so the YC, Golf, and Acquatics should be subjected to rigorous individual "operation reviews". These would be aimed at understanding and improving performance of these specific amenities. Jeff Knepper |
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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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