6/24/2009 8:45:36 PM
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Section 23: OPA Elections Subject: 2009 Candidates Forum Msg# 680407
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I don't want to see any of our business amenities closed. I want to see them managed to make a profit, a profit that could help reduce or lower assessments. If you want financial answers look at the audited financial reports and ask a CPA to explain the meaning. However, keep in mind the board this year approved collection of about $500,000 in operational losses that had accumulated on the books over recent years. OPA is financially strong but there is no need to waste association member money. |
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For reference, the above message is a reply to a message where: Marty's confirmation that "the Yacht Club, Golf Course, or at our aquatic operations which lost $417,944 las year" doesn't bother you? I didn't say that. I would just as soon close the golf course and Yacht Club.totally and pool in winter if that would be what it takes to balance the budget. Financially failing amenities do not add value to any property in Ocean Pines no matter what anyone says in IMO. I am just trying to get a straight answer about the financials. There are so many spins that it is hard to figure out. I am not against spending to support and maintain our amenities so that it benefits all pretty much equally and is within a BALANCED budget, and is not based on continued assessment increases to bail out financial losses. But again, the spin on any financial answers makes it difficult to understand.
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