Wasted Association Funds

February 1, 2002 by Administrator
Filed under: #11: February 2002 

Excess funds are spent with every election conducted within Riverbend – whether for Board member elections or passing resolutions. The reason, there aren’t enough votes cast by the home- owners to reach a quorum (essentially, the number of votes needed to make the election results final). This means that additional mailings are necessary to get the number of votes required. This process costs the Association post age, paper, copying fees, and time.

As your elected representatives, the Board of Trustees handles the decisions made on behalf of the community. However, the governing documents of the Association require that certain decisions be presented to the homeowners for vote.

It only takes a moment to cast your vote by proxy if you are not able to personally attend a voting session. Please don’t count on your neighbors to respond so that you don’t have to. Help save money by casting your vote at your first opportunity.

February 2002 Newsletter Contents

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