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Could it be that the bombshell news at Thursday’s budget meeting had anything to do with the astounding amount that was announced as the current expenditure on Liberty Center? Sit down for this one folks and get ready for the drum roll…… What was once estimated to be not more than $500,000 has reached $1,800,000.00… I will write that slowly… one million eight hundred thousand dollars. Of that amount our insurance company contributed $149,000.
The news that followed was that our assessments will also rise 10% starting in 2017 equaling an added $110 per year, I am told for the next four years. Now I am the first to admit we receive a great deal compared to other communities for the assessments that we pay. Under normal circumstances you would never hear a peep out of me about that, HOWEVER, taking into consideration the un-businesslike, wasteful way the finances of this association has been handled for so many years, I am fit to be tied!
Look at it this way, a few weeks ago we had about one million dollars over from assessments paid last year. The law says an association either gives that money back to the owners or applies it to the next year’s assessments. The SCA board didn’t like that option so they put the money in our reserves.
Last year tons of money was wasted on fancy meals at the M, unquestioned billing from Anthem Council when SCA pays the largest portion of the communities contributing.
Take a slow drive down the hill next time you are leaving the community and look at the sloppy trimming job we have on the trees and bushes in the landscape. Would you accept that in your yard, yet we pay thousands for it?
I won’t go into the self-management issue since it is the first year, but I have to wonder if the health insurance co-pay and all that employee benefits for family etc. now involves was even considered. So many small businesses are going out of business these days just over the insurance issues, did SCA even investigate them for the employee base our size before they started dumping our volunteer staff?
I am usually an optimistic person but I’m seeing dark clouds on the horizon as my prediction…. I don’t like what I’m hearing!
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