On March 5th, Townhouses at Jacaranda (TAJ) home owners will be voting to fill three seats on the Board of Directors (BOD). Eight owners have chosen to be candidates: Augusta Alvarez, Valerie DeRoy, Yvonne Fabozzi, W*nd* Hill, Prentis Johnson, Esther Leacock, Victor Singh, and Paulette Watson. Only one of the eight is currently on the BOD (P. Johnson). Harold Scott and Brian Sklar, whose seats are becoming vacant along with Johnson’s, have not chosen to vie for their old positions.
BOD Fiduciary Responsibility According to Florida State law, members of any Condominium Association’s BOD, like ours at TAJ, have a large amount of power. They set the yearly budget, determine the schedule of building maintenance and renovations, make community rules, initiate and approve special projects (such as street lighting), and hire or fire the property manager, the accountant, the attorney, etc.
That means that the BOD determines the amount you will pay each month toward the TAJ yearly budget, called “Monthly Maintenance” (MM) payments [
TAJ MM payments have increased yearly: $214 in 2005; $225 in 2006; $269 in 2007; and $268 + your neighbors’ unpaid maintenance fees in 2008*]. It also means that the BOD can pass Special Assessments (SAs) that force you to pay $30,000.00 or more, individually, for your building to be refurbished [
Building 27 unit owners each received a SA of $32,527.10 to have their building renovated. Unit owners of buildings 2, 3, 5, 9, 12, 13, 14, 18, 20, 21, 25, 26, 35, 36, 38, 44, and 47 have all paid around $20,000.00 or more in the recent past because of SAs.*]
Not all SAs are large. In 2002 the whole community received a SA of $1000.00 per unit owner to cover the Association’s Operating fund shortfall. The Operating fund is the Association’s yearly budget that is funded by the MM payments. Shortfalls happen when more money is spent than is budgeted for and collected. That is sometimes that result of unexpected emergencies like Hurricane Wilma. It can also happen when unbudgeted projects are undertaken without proper funding.
Oversight The job of overseeing the complex financial dealings of the TAJ Association is shared by three entities:
- Management Assist is a licensed and insured accounting firm;
- Bette Ann DiSalvo is a CAM certified Property Manager;
- the BOD is made up of volunteer unit owners with little or no training.
In spite of their inexperience and lack of expertise, it is the BOD members who have the largest responsibility of financial oversight. Association money cannot be spent without their permission (with rare exception), and all the money that they spend belongs to their neighbors and themselves.
Other Qualities Obviously the position of BOD member is not just about financial oversight. Good people skills also seem to be necessary. Anyone who has felt shut-down, ignored, or disrespected by the BOD knows that it is a painfully unpleasant feeling to be at the mercy of your neighbors when it seems like they do not even care enough to listen to your worries, concerns, or ideas. The ability to demonstrate mutual respect to unit owners and other BOD members is at least as important as the necessity to donate your time.
And TIME, finally, is one of the most difficult aspects of being a BOD member. It is quite possible for BOD members to become so involved in Association matters that it significantly interferes with their personal or occupational life. Conversely, it is also possible for BOD members to be only marginally involved and to not carry their share of the collective responsibility. There is no law that requires BOD members to follow-up on their promises to carry-through on projects. There is no law that requires BOD members to even attend a single meeting, once elected.
Voters’ Responsibility: Be Involved The only way to ensure that the right people get elected, and that once elected will do the job they are entrusted to do, is for voters to be involved.
Be involved:
- in a big way by volunteering for committees and helping to implement your ideas.
- in a smaller way by coming to BOD meetings and sharing your concerns and ideas.
- just a little by coming to the “Meet the Candidates” night (date and time TBA) and get to know the people that will be governing your community.
- minimally by casting your vote on or before March 5th.
Voter Turn-out The history of BOD voting has shown that most people do not vote. It is usually the case that the elections are won or lost by a relatively small number of voters. Last year only 106 of the possible 340 TAJ voters cast their ballots (approximately 31% voter turn-out). The difference between winning and losing a position on the BOD in that election was a narrow 10 votes. Low voter turn-out is perplexing when you consider the power of the BOD in the lives of TAJ owners, and the ease with which a vote can be cast. If you have lost your paperwork, more is available in the Property Management office.
It has been said that voting is a kind of minimum requirement for the right to complain. Casting your vote is an easy way to participate in the governing process, and don’t we all feel that participants have more right to complain than spectators?
* Information Sources for this story: TAJ website; Minutes; Property Management Staff