Posts by BobbioBlog.com

In the September 2023 Spirit Magazine Co Authors Greg Swenson BOD Treasurer and Mike Quinn, Finance Committee member partnered with Andy Muha, Chair of the Finance Committee to describe and define what is a reserve study and to support the 5 Year Reserve Study( 2024-2028). Here is an opposing opinion as to what was asserted.…

In 2015 the audited annual Payroll and Benefits equaled $2,865,732. By 2019 it had grown to $3,670,530. After taking a COVID dip in 2020 it went to $3,967,155 in 2021. YOUR SCA BOARD ALLOWED IT TO GET TO $4,540,304 in 2022 while your Main Reserves were dropping. Try financially irresponsible. But we are not done.…

With Yorktown open and operating the journey of viability and at what cost emerges. The board has a responsibility to ensure that the accountings are accurate and all inclusive so that it can monitor performance. How SCA determines success or failure needs to be defined because the contract contains elements for measurement of operations. Where…

As I have advertised I intend to bring to the Community’s attention matters that require accountability. Misappropriation of funds means that money was wrongfully used. It doesn’t mean it went into someone’s pockets unlawfully. What’s the point of creating an approved budget if management/board is not required to follow it or the required amending process?…

The Main Reserves are an integral part of the financial well-being of a community. Sophisticated home buyers and their real estate agents look at Reserves before making a buying decision. SCA used to have a standard of 90% funding and the Main Reserve has slipped over the years because of increases in spending and low…

Did you notice as the Restaurant was under construction and experienced delays as to completion that the finger was pointed at the City of Henderson and that management and the board were prone to make excuses and not accept any responsibility for their bad management? Boards come and go and the last thing we need…