Despite having an agenda with 20 minutes allocated to resident questions and comments, for the second year in a row, no resident input at the end of the meeting was allowed. What did the Board consider more important?
The Board hired the facilitator of the irrigation meetings to conduct a silly group exercise. We were also treated to a 10-minute picture presentation of the Community Manager driving around the community. Yes, those two things were way more significant than answering resident questions or listening to their comments.
The firm of Swain and Grieco made a presentation of their recently completed audit. They stated there were no material findings. However, the audit contains the following language.
“An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association’s internal control.”
Also we now have a situation where the one individual fills both the Board president and the treasurer positions. That is not a good practice from the standpoint of checks and balances.