HPP BIZ: Part the second

[EightFingers]

Maybe they’re waiting for some sort of ruling to make sure the meetings are “legal”.

Puna: Our roosters crow first

[Obie]

quote:

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Originally posted by Katarina

No board meeting again??... and no comments? Has every body given up? Our finances have to be an absolute mess. if anything ever changes, for the better(not holding my breath anymore) it will takes a long time to uncover all that has been hidden for 4 years.

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The books are audited by a CPA annually.Here is the latest :

http://www.hppoa.net/newsite/wp-content/...0-2018.pdf

[Kenney]

Thanks but a Yearly audit is not what we voted for 2 years ago October, but Membership votes don’t count. (even unanimous votes.) We voted for a Forensic Audit, which has not been done.

[reni]

Obie,
You post an audit for the period ending 6/30/18 .
Today's date is 8/24/19

This audit sheds no light on the last 14 months.

Truthfully , I am most interested in what has occurred with our finance since 6/30/19.....It will be revealed in time.

And, yes, Kenney , the Association did vote for a Forensic Audit , which we all know has not happened.

[Obie]

"Obie,
You post an audit for the period ending 6/30/18 .
Today's date is 8/24/19"

The audit was for the period ending 6/30/18 but it was not posted until Feb 2019.It takes that long to do the audit, so this years audit is still in progress.

[Obie]

"And, yes, Kenney , the Association did vote for a Forensic Audit , which we all know has not happened."

A very small minority of the total membership voted for a forensic audit.
It would have been a huge waste of money and the Board did the right thing by not letting it go forward.
It was estimated that it would cost $100,000.00 or more.That's just about the annual budget for road repairs.

[Kenney]

The BOD doesn’t get to select how many voting Members can carry a vote. A very large majority of Members at the Meeting voted FOR the Forensic Audit. It was unanimous. The Motion passed.
The BOD did not do the right thing “by not letting it go forward”. They ignored an act of the Membership. What part of District REPRESENTATIVES don’t they get?
100k is quite an inflated estimate. Besides, it’s our $ getting spent, with zero oversight at this time, and we want it done.

[EightFingers]

quote:

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Originally posted by Obie

"Obie,
You post an audit for the period ending 6/30/18 .
Today's date is 8/24/19"

The audit was for the period ending 6/30/18 but it was not posted until Feb 2019.It takes that long to do the audit, so this years audit is still in progress.

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That audit was completed and the report was given to the board.



Puna: Our roosters crow first

[Seeb]

quote:

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Originally posted by Obie

"And, yes, Kenney , the Association did vote for a Forensic Audit , which we all know has not happened."

A very small minority of the total membership voted for a forensic audit.
It would have been a huge waste of money and the Board did the right thing by not letting it go forward.
It was estimated that it would cost $100,000.00 or more.That's just about the annual budget for road repairs.

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The association takes in about 2 Million were does the rest of the money go

[Obie]

"The association takes in about 2 Million were does the rest of the money go"

It goes to pay the bond !

It's really too bad none of you understand what happened !

Just after the paperwork was all signed the price of oil skyrocketed and made it impossible to pave all of the roads.

It was no ones fault.