This is a very tricky subject, so first let me say that I think Jim Bailey will make a good Treasurer. Let me say further that I believe him to be a fairly ethical person despite some of the things he has said about me on public blogs. He also has the kind of folksy friendliness to get along with the other directors and probably will make a good president. He gave a committee report at the Annual Meeting that was witty, informative (especially in sharing delinquent account data), and could have been better if it had been a bit shorter.
Jim has my best wishes for success whether he needs them or not. After being on the board for two years, I know that serving this community is no easy task.
I also know that all across the country, when HOA’s get into trouble with financial misdeeds (not saying we are), it is often the President who is found guilty, especially if granted access to HOA cash or funds. Most boards of directors, HOA or otherwise, do not allow the fearless leader to also “handle the books” – at least, not without further checks and balances. It is very puzzling that out of seven board members, no one else volunteered or was nominated to be president, so that Jim could concentrate on being Treasurer. Since no one else obviously felt comfortable volunteering to be Treasurer, I hope the rest of the directors and HOAMCO are up to the task of providing helpful oversight, since they ALL have fiduciary responsibility for the Association (no matter what letters they have – or not – after their last names).