Another questionable Board decision to spend residents’ funds has emerged (see photos below). We all want our beautiful golf course to thrive and appear pristine. The residents, in a budget line item, subsidized AGI, mostly the golf course operation, by well over $200,000 for 2018. Generating revenue is a prime requirement in running the course other than the maintenance. A healthy marketing budget would assist in building revenue, i.e. players on the course.
As you know from previous posts, in January 2017, the Board, without a resident vote of approval, decided to place a nearly $400,000 assessment on the residents to restore, among other items, the Golf Maintenance Yard. The Building Permit applied to the County was for storm damage repair at an estimated cost at a fraction of the $400,000 assessment, i.e. 25% t0 30%.
What you see below is a lawn mower washing station that has just been newly erected for over $43,000. For the past 14 years the equipment has been hand hosed and power washed with apparent success. Does this PGA Golf Course acquisition make financial sense for a business that is abundantly subsidized? Is this storm damage repair?
The Board has stated that it operates as a developer for Aquarina. Being a developer means you have funds to carry out your plans. This Board, as a developer, does not have funds of its own, but the Board does have the residents’ funds. Its easy to spend frivolously when it’s not your money. Further, the Board’s responsibility is to maintain the community, and not change it. The residents decide what stays, what goes, what is left alone, and how much money will be spent on any decided change. It’s the Law!
