“The reserve fund monies are held in a separate account in Wachovia Bank.”

I was told last week by an ex-POA Board Director that this is not true (unless this account was opened recently – in 2008).

Would the CFO provide the details on this account?

I realize the Board is volunteer. Many in the community have held similar roles/resonsibilites in our lives, so you have to look at these proposals with a jaundice eye considering the poor past financial/manangement performance. This is just the honest truth.

Norton

I’ve been thinking for some time that what is needed is an additional monthly financial report: a Cash Flow Statement.

Each of the amenities, facilities, (specific) debt payments, etc. would all be categories. This type of financial report would answer a myriad of questions.

The data is in the ’system’. It’s only a matter of formatting a spreadsheet.

Since the mid 1990s, the term “white paper” has also come to refer to documents used by businesses as a marketing or sales tool. For example, many white papers today expose the benefits of particular technologies and products.

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Today the commercial white paper is the most common type of white paper. Such white papers are often used to generate sales leads, establish thought leadership, make a business case or to educate customers. This is quite different from the original use of white papers, though generally valued by sponsoring company. White papers, when written objectively, are often regarded as a credible source of information.

Seems like there are still alot of questions to answer. I continue to request a redo on the format of the financials to allow a better understanding. Maybe I am missing something, but are the contributions to the Amenity Reserve outlined in the budget and is this the first time the reserve activity has been published. What was the history on the Reserve for the past 5 years?