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Tag: Budget

INSURANCE: THE FIRST QUESTION THE BOARD WOULDN’T ANSWER

Posted on July 23, 2026July 23, 2026 by Ken

🇺🇸 English | 🇪🇸 Español The money was already in the budget. So why wasn’t the required windstorm insurance purchased? Last month, many owners believed this issue had finally been resolved. During the June 3 Board meeting, the Board discussed increasing Brickell Key One’s windstorm insurance to the level required by FL legal requirements which…

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Happy Anniversary!

Posted on July 20, 2026July 20, 2026 by Ken

🇺🇸 English | 🇪🇸 Español Today marks the six-month anniversary of the start of construction on our second-floor elevator lobby renovation. The project is being led by our Board President, Olena Biletska, who frequently points to her construction background. Let’s put this project into perspective. The entire renovation area is less than 600 square feet—roughly…

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Updates: Our current finances

Curious About Our Financial Status?

Posted on March 13, 2026April 27, 2026 by Ken

🌐 Read this article in: English Español 3 Key Takeaways $1,053,515 Insurance Over-Budget Insurance was over-budgeted in 2024 and 2025 by more than one million dollars combined. $495,169 Unpaid Owner Dues Nearly half a million dollars in assessments remain uncollected. Budget Question Insurance Dropped in 2026 Insurance costs fell by $366,260 in the 2026 budget,…

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Questions-Every-Owner-Should-Be-Asking

Day 5 – Last-Minute Governance

Posted on February 1, 2026April 27, 2026 by Ken

Always at the Deadline Why does this board consistently act at the last legally allowed moment? Examples: This is emblematic of a Reactionary board and not a Proactive Board. Why is nothing handled earlier? Why is there construction in our lobby without any explanation or costs?

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Questions-Every-Owner-Should-Be-Asking

Day 4 – Financial Transparency

Posted on January 31, 2026April 27, 2026 by Ken

Where Are the 2024 Audited Financials? The 2024 audited financials have still not been provided. They are now seven months past the legal deadline. In prior years the auditor participated in a board meeting presenting the findings and answering questions. Why the delay?What information is being withheld?

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Our Annual Budget – What’s Going On?

Our Annual Budget – What’s Going On?

Posted on December 28, 2025April 27, 2026 by Ken

Fifteen minutes before our annual budget meeting on 11/19/25, we were notified that the meeting was cancelled “due to an emergency.” Now we’re being told that an “error” was identified during the budget review process.So which was it — an emergency, or a $290,000 mistake? And if it was an error, why was it discovered…

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