PLEASE NOTE: This is a report of the Feb. 18, 2010 Board meeting. It is NOT the official minutes.
Property owners who want access to POASC records have new rules governing the request. The rule was approved by a 5 to 2 margin.
Only individuals, their agents or attorneys may ask for specific records. Director Sharon [...]
Continue reading about Board Approves Rule for Record Access
Tuesday, December 08, 2009 12:04 PM
Butch,
Following up on an earlier conversation, it is my estimate that hiring a forensic accountant to perform a special audit would be quite expensive. I am concerned of the benefit to be derived from such unless evidence to prosecute someone is needed. It is hard to reconstruct transactions [...]
A couple started a business and, in the process, hired a secretary | bookkeeper.
As the business grew he essentially handled the business side of things while the couple focused their time on growing the business.
Later a degreed officer was hired to handle financial matters.
She discovered that the employee, who the owners had treated like their [...]
There are approximately 1530 property owners in Spanish Cove.
· CPOC committee members represent about 1/3rd of 1% of all Spanish Cove property owners.
To date the Board and Spanish Cove’s new manager have:
· Hired a new forensic CPA
· Hired a new manager
· Uses a new purchase order system
· Limits the use of credit cards
· Is attempting [...]
At the November meeting of the Board of Directors, the Finance Committee Chairman Dale Morsette announced the establishment of a Subcommittee to develop a POASC Financial and Accounting Policies and Procedures Manual. The Subcommittee will be chaired by Assistant Treasurer Dick Junkins.
The Subcommittee will study existing policies and procedures and incorporate them into [...]
Continue reading about Subcommittee Established to Write POASC Accounting Policies
The POASC Board of Directors postponed a decision on whether to prevent property owners from using the clubhouses for private parties until the December meeting, at 6:30 p.m. Thursday, Dec. 17.
Although it was a unanimous recommendation from the Rules Committee, Dick Junkins, committee chairman, asked that the proposal be discussed, but that a vote [...]
Continue reading about New Proposal Bans Private Parties at Cove Clubhouse
Operations Manager Bruce Price warns property owners about a rash of thefts from cars in the area of Ridgewood Drive, Torres Lane and Santa Anna Drive. He advises locking cars in all areas of Spanish Cove even when they are in the driveway or carport. No damage was done to the vehicles, however loose change [...]
The POASC Board of Directors approved the purchase and installation of a three-foot high fence for the north side of the Cove Clubhouse by a vote of six to two. Questions by a member of the audience created discussion about the Bylaw that requires a 2/3 vote for an expense charged to the Asset Repair [...]
Two special events took place at the recent meeting of the POASC Board of Directors. First, the Chairman introduced the New Operations Manager, Harry “Butch” Price and then she announced the appointment of property owner Dick Junkins to the board.
Price said since he had just started the day before the meeting, he did not [...]
Continue reading about Board Introduces new Manager, Director
A meeting was held Monday, Aug. 17 to inform the POASC Board and property owners of the conclusions by the auditors, Gruenloh & Associates.
Approximately 50 property owners heard Wayne Gruenloh explain how the audit was done and the recommendations he has made.
He said two employees used POASC credit cards for personal expenditures. One had paid [...]
July Financial Statements are available at the Office.
Year to date, the POASC is financially strong and fairly quickly rebuilding our ARR Reserves.
Keep in mind that the funds shown on the report must last thru September 30, 2009.
The Working Session of the POASC Board of Directors opened with a statement by Chairman Joan Fletcher regarding the status of the Operations Manager. She said she would entertain no questions, remarks or comments on the subject, due to the possibility of liability through misstatement.
“I called an "Executive Session" meeting on Saturday, July 11, [...]
AGENDA POASC BOARD OF DIRECTORS
WORKING SESSION THURSDAY JULY 16 10:00 a.m.
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE – DALE MORSETTE
APPROVAL OF MINUTES
CHAIRMAN’S REPORT –JOAN FLETCHER
MANAGER’S REPORT
TREASURER’S REPORT – BEN BONNET
COMMITTEE REPORTS
FINANCE – Dale Morsette
ACTIVITIES – Judy Deeter
ADMINISTRATIVE – Sue Huff
COMMUNICATIONS – [...]
In a Special Meeting following the marathon Board Meeting of May 21st, 2009, the POASC Board voted to reduce the number of available shower heads in the RV Clubhouse bathrooms from three to one. Ever since Cove Maintenance took the action to do so, there has been much discussion about that action, and the [...]
Continue reading about A Case for Restoring RV Clubhouse Showers
We’ve been talking about the latest POASC dues increase and the impact it’s having on the Spanish Cove community. Below is a ranking comparison of Alabama vs Florida:
Alabama:
Unemployment: 6.1%
Budget Deficit: $458 million
Foreclosures: 1.48%
Florida:
Unemployment: 7.3%
Budget Deficit: $2.3 billion
Foreclosures: 7.32%
To see the full web report on CNN for all states click on the following link:
CNN: Where [...]
AGENDA
POASC BOARD OF DIRECTORSWORKING SESSION
Thursday, January 8, 2009
6 p.m.
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE – Bill Campbell
CHAIRMAN’S REPORT
MANAGER’S REPORT
TREASURER’S REPORT
UNFINISHED BUSINESS
NEW BUSINESS
Presentation of the 2009 Annual Budget to the residents by Sue Huff and Dale Morsette
FINAL COMMENTS – Manager and Board of Directors
OPEN FORUM – Property Owners
NEXT REGULAR SESSION – January 15, 2009 [...]
AGENDA
POASC BOARD OF DIRECTORSWORKING SESSION
Thursday, January 8, 2009
6 p.m.
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE – Bill Campbell
CHAIRMAN’S REPORT
MANAGER’S REPORT
TREASURER’S REPORT
UNFINISHED BUSINESS
NEW BUSINESS
Presentation of the 2009 Annual Budget to the residents by Sue Huff and Dale Morsette
FINAL COMMENTS – Manager and Board of Directors
OPEN FORUM – Property Owners
NEXT REGULAR SESSION – January 15, 2009 [...]
Wednesday Nov. 20, 2008
2:00 PM
PRESENT
Dale Morsette – Committee Chairman, Board Member;
Jim Smith – Board Member
Dave Danson – Property Owner
Harry Passmore – Property Owner
Charlie Davison – Operations Mgr
Frank Lennox – Chairman of the Board
Jim Fletcher – Property Owner
Sue Huff – Treasurer, Board Member
Charles Shaffer – Property Owner
ABSENT
John Lucas – [...]
The month of September found POASC with an operating income of $14,000 and a current budgeted amount of $22,700. Looking at the plus side, late payment penalties and fines amounted to about $2,000 over what was budgeted for this month. Also in the good news category, 11 properties were sold in September providing an amount [...]
One of the best features of Spanish Cove is the wonderful variety of amenities and common properties each of us enjoys as a property owner. Our private roads, pool, tennis courts, pier, clubhouses and more provide an improved quality of life for all of us. But each of those amenities has a limited useful [...]
Have you ever met a thrifty person? Well, if you haven’t, it’s nice to meet you, but I have the feeling that most of you are like I am and try to get by on your daily, weekly or monthly income as best you can.
Today I’d like to tell you about Internet comparison shopping [...]
Since "budget season" is about to begin in the Cove, I’m placing a link to an article by Kathy Jumper, which appeared in the Real Estate section of the Sunday Mobile Register.
In it, she interviews attorney Daniel Craven of Gulf Shores, who represents more than 100 condominium and property associations in the area. He [...]
CEO Message: USAA Eligibility Expanded
To Read More Click on the Following Link: USAA Eligibility To Be Expanded
Posted: 08/09/2008
USAA has long been working toward serving the entire military community. Since our founding in 1922, we’ve expanded eligibility as we’ve grown our financial strength and built the operational capacity to accommodate additional groups of members. Today, USAA [...]
Continue reading about USAA.com: Attention All Military Retirees
Hi Everyone,
I’ve been asked to place a hold on adding the POASC Financial Statements to Cove Connections. It’s possible that the issue will be discussed in tomorrow night’s 6pm Working Session.
Thanks, Sandra
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