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11/19/2006 7:15:59 PM
 
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Section 5: OPA Board Subject: Community Center Contract Msg# 391021
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Bill: "Our reserves will not cover the losses should we have a negative second referendum" Oh really? Do tell! What is the loss you are talking about? Is it more than the $1,472,794.00 the B/O/D are already over the promised turn key budget number? Bill, that kind of speculation hurts your credibility. Marty Clarke |
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For reference, the above message is a reply to a message where: aurore, If all approved spending goes according to plan, we will end the fiscal year on April 30, 2007 with $1,906,458 in our reserve accounts. Will all go according to plan? Nothing go over budget? Will there be no unforseen weather emergencies (read flood, bulkhead or wind)? An unplanned, unbudgeted glass cover over the tennis courts perhaps? Our reserves will not cover the losses should we have a negative second referendum. Bill Z |
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