Day: August 22, 2018

Is There Now an Opportunity to Save Resident Funds?

HOW MANY LEVELS OF MANAGEMENT DOES AGI REALLY REQUIRE?

 The AGI General Manager has resigned per several statements from reliable sources in the community.  Does AGI need a General Manager, who allegedly earned a significant income (which was never disclosed) to oversee Golf, the Brassie Grille, and Tennis?  Chef Josh and Golf Pro Jonas are very capable professionals.  It would be expected the same from the Tennis operation.  This is an HOA operation, not a Harris or Grumman operation. Give folks like Josh and Jonas the responsibility they want, to show their expertise, and have them report to a Board AGI Committee.  Having the Board hire a General Manager makes no financial sense and creates too many chefs stirring the pot. Bottom Line – the Board hired an expensive General Manager and AGI is still financially short of funds even with the residents $200,000 plus subsidy.  BTW – that subsidy allegedly does not include rent, insurance, and who knows what else.

It’s time to take a general manager’s reins off the professionals that were hired and permit them to thrive in their skills.  It’s obvious that the Board wanted to exercise total control over the AGI businesses with the General Manager’s position.  It’s ironic that having control and maybe using the AGI businesses to the Board’s own end were more important than providing a laissez faire atmosphere for the folks, who were hired to make a success of these, in fact, ACSA businesses.

ONE MORE ITEM

 Per Florida Statute 720.303 (4) (j) 1) an HOA has the fiduciary responsibility to assemble “Accurate, itemized, and detailed records of all receipts and expenditures” and 4) “Any other records that identify, measure, record, or communicate financial information” in all its financial and accounting records, WHICH INCLUDE ALL THE AGI BUSINESSES, I.E. GOLF, TENNIS, AND THE BRASSIE GRILLE.

Per Florida Statute 720.303 (5) the financials of the HOA “shall be made available to a parcel owner (the Resident) for inspection and photocopying”.

One of our Residents had requested this financial information from the Board, followed the specific stated guidelines (attorney prepared) for the request, AND WAS DENIED ACCESS.  Why?  Hmm.  Oh yes, there is a $50 per day fine for not supplying the requested information, which would be from the Residents’ funds. HOWEVER, THE REQUESTING RESIDENT DID NOT WANT TO COLLECT ON THE BOARD’S FINES.

. . .  AND YET THE BOARD’S BEAT JUST SEEMS TO GO ON.

JUST BREAKING NEWS

 The Admin Building debacle gets worse.  Termite infestation that very well could be structural has been discovered after the Residents’ unapproved $100,000 renovation nears completion.  This is a 35 year old wood framed structure.

More to come.