Posts by BobbioBlog.com
YORKTOWN & 2025 BUDGET PREPARATION!
WOW! If you tuned in or attended the July 25 Board meeting you heard some really fascinating comments and suppositions. First of all, let me acknowledge that all board members clearly have the best of intentions and are searching prudently to create a solution that is right for the Community. You can sense from current…
Read MoreJULY 2024 SCA UPDATE!
Kudos to the Board for having rid the Community at June 27th board meeting of The Clarkson Law Firm as general counsel with a new firm. Hopefully homeowners rights will be respected and the board will be properly advised and comply with our governing documents and the law. The restaurant debate continues as the board…
Read MoreJUNE 2024 UPDATE
Greetings Readers. Going forward I will write you once a month with updates of issues I believe are important. Potential subjects include Policy and Procedures avoiding hopefully any of the political headwinds that this new board may be facing. This new board is challenged because it lost critical guidance /supervision and advice relating to the…
Read MoreNEW BOARD TRANSITION COMMENTS!
The 2024 Board election was contentious and with Sandy Seddon’s voluntary departure scheduled for June 19th her presence is still a factor as the new board finds itself with lots to contend with as it must organize and staff properly for success. A number of resignations of key personnel have happened but only some are…
Read MoreYORKTOWN UPDATE!
THE FACTS: January Loss- ($50,266)February – ( $18,414)March – ( $34,374)April – ( $38,189) Total 4 months ($ 141,243) A simple projection of 3 x( $141,243) =($ 423,729) for 2024. Yorktown closing on Monday and Tuesday and the impact of the summer remain to be seen but it is easy to speculate that 2024’s Loss…
Read MoreGOODBYE,FAREWELL & AMEN!
A long time ago in a galaxy far far away I ,as the Chief Financial Officer of 20th Century Fox Television, had the privilege of attending the final M*A*S*H wrap party at THE BISTRO in Beverly Hills. For those of you that remember, the final episode was entitled Goodbye, Farewell and Amen! The wrap party…
Read MoreBOARD RECOMMENDATIONS!
Congratulations again and as your organizational meeting approaches I ask you to consider the following;1.ELECTIONSI have always advocated that elections be administered by a third party vendor to ensure the integrity of the election. Volunteers are wonderful but the community is better served by there being no under current. Apparently there was a glitch this…
Read MoreTHE 2023 $600,000 BUDGET SURPLUS & THE BOTTOM LINE!
I had a cordial email exchange with Jim Mayfield who exits the Treasurer post in less than a week. We agree on so much usually and his assessment of the tax consequences if directly applied to the Reserves is a taxable event. He is right. There is still a way to get the money rightfully…
Read MoreDISCO DIS WAY & DISCO DAT WAY!
DISCO DIS WAY and DISCO DAT WAY! What a glorious night with BOB BUSH and FRIENDS at the BEACH HOUSE last night, So much fun and so much talent in the house to sing the songs we all love to remember. Some of you came. A packed house. So here are a couple shout outs:Kathy…
Read MoreYORKTOWN IS A FINANCIAL DISASTER!
The March numbers are posted to the website and Yorktown lost $34,374 in March and for the January – March 1st quarter excluding utilities and insurance the loss is $103,554. Adding in insurance and utilities the quarterly loss is about $125,000+ is my best guess. The budgeted annual loss for 2024( excluding utilities and insurance…
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