1/13/2013 5:01:04 PM
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Section 5: OPA Board Subject: Board Still After Clarke Msg# 848774
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You HOPE it's a one time cost. Has the association done enough to remove the possibility of further penalties for subsequent years?? | ||||||
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For reference, the above message is a reply to a message where: I read in today's Progress that our General Manager believes that if we remove golf losses and the IRS hit then for "analytical purposes" we are moving in the right direction As far as golf it reminds me of the comment made by Donald Trump shortly after putting his Atlantic City Casino into bankruptcy......"if it wasn't for the [junk bond] debt we would be doing OK." As far as the IRS costs I might disagree with you on that if your intent is to include it as part of OPAs normal operating costs. It is a one time cost and should be treated as such. |
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