12-20-2017, 05:17 PM
Ric Wirick posted a response to the 11 accounts question on Orchidland FB. First the "Wirick Group" did not establish ANY of these bank accounts, they inherited them from prior boards.
There are 3 FINANCIAL INSTITUTIONS, HFS credit union, CU Hawaii credit union, Central Pacific Bank. Credit unions require accounts to have BOTH a savings and checking account. So here are the 11 accounts that the current board INHERITED...
Active accounts 4: General Fund (2) checking and savings
Road Fund (2) checking and savings.
Inactive/frozen accounts 7: Administrative Fund (1) checking
Paving Fund (2) checking and savings
Community Lot Fund (1) savings
Capital Fund (1) savings
Legal Fund (2) checking and savings
That totals 11 accounts. Check http://orchidland.org/association-busine...inancials/ and you can see the balances month-to-month in all the accounts. Pretty easy to see which accounts are frozen (By Barbara Arthurs) as their balances don't change. I would say that is this current board being transparent. No other board in the history of Orchidland ever posted info like this.
The prior boards were largely run by the "Arthurs Group" for the last 20 or 30 years, so I find it suspect that Arthurs is now the one claiming that the finances are questionable.
There are 3 FINANCIAL INSTITUTIONS, HFS credit union, CU Hawaii credit union, Central Pacific Bank. Credit unions require accounts to have BOTH a savings and checking account. So here are the 11 accounts that the current board INHERITED...
Active accounts 4: General Fund (2) checking and savings
Road Fund (2) checking and savings.
Inactive/frozen accounts 7: Administrative Fund (1) checking
Paving Fund (2) checking and savings
Community Lot Fund (1) savings
Capital Fund (1) savings
Legal Fund (2) checking and savings
That totals 11 accounts. Check http://orchidland.org/association-busine...inancials/ and you can see the balances month-to-month in all the accounts. Pretty easy to see which accounts are frozen (By Barbara Arthurs) as their balances don't change. I would say that is this current board being transparent. No other board in the history of Orchidland ever posted info like this.
The prior boards were largely run by the "Arthurs Group" for the last 20 or 30 years, so I find it suspect that Arthurs is now the one claiming that the finances are questionable.