BOD Meeting Aug 3rd -- 2012 Financial Audit is Available -- A Unit Owner's Request

Unit Owner Michael McNichol's Open Request of the BOD for the August 3rd BOD meeting:

A Unit Owner's Open Letter Response to an Open Letter Challenge

The following from unit owner Michael McNicol is a response to Mark Morgenstern's open letter challenge to the community.

Open Response: 

I’ll keep this simple, and based on fact. 

Concerned unit owner, Mike McNicol, 

demonstrating that he has a sense of humor.

I also protest the current email, blind copy campaign. We put new leaders in place to gain transparency, and have nothing to show for it, and feel less and less information will be shared with the community. 

The board has previously budgeted for an audit for several years, which is not only required by state statute, but is also a minimum standard for all business who are fiscally sound. 

This annually required audit hasn’t taken place in at least 4 years, by your own admission, on the record, at a board meeting. 

The “funds” from the previously budgeted audits, that never happened (by your own admission) should more than  support a forensic audit which at this point, the majority of the community feels is NECESSARY. 

Please explain where these funds went, and if they are still available. 

You asked us to put our money where are mouth is, were asking you to use your mouth and tell us where our money goes. 

May I remind you of your fiduciary duty to the owners of this association, who feel, see, and live the lack thereof.   

Sincerely, 

Michael McNichol