Money related
🇺🇸 English | 🇪🇸 Español The board held its early afternoon board meeting. As expected, attendance was low. At no point during the meeting were there more than five people in the audience, plus a few online attendees. Board Participation None of the board members came into the meeting room. The dais remained empty throughout…
🇺🇸 English | 🇪🇸 Español Allow me to call your attention to a small portion of our Board President’s recent “Info Lette Above, Olena Biletska states that the auditor was surprised by the amount of excess operating funds accumulated during the past 2.5 years. That is not what the auditor’s cover letter says. The auditor…
🇺🇸 English | 🇪🇸 Español It turns out that our association is now involved in a SECOND lawsuit filed yesterday — this time against the BKMA — in addition to last Friday’s lawsuit against Swire. Let’s be clear about something important: We are paying for BOTH sides of these fights. We fund the lawsuits through…
🇺🇸 English | 🇪🇸 Español Once again, our board president — who already increased the 2026 legal budget by 66% — has involved our association in yet another lawsuit. This is not a small matter. Litigation affects sale prices, mortgage approvals, and buyer confidence because lenders and purchasers will ask about pending lawsuits and the…
English Español As promised, this is the second half of the report on the meeting. Half Million Dollars Past Due When an owner asked about the half million dollars in past-due balances, Board President Olena Biletska responded: “The thing is, it’s not really such a problem because we saved a lot of money from last…
🇺🇸 English | 🇪🇸 Español Let’s try to understand this logically. Imagine a car manufacturing plant asking investors to stay confident…while proudly announcing that only 2 out of 6 assembly lines are operating. Not because the others can’t run —but because management has decided it’s better to limit usage than actually solve the underlying problem….
