Why the lack of
transparency? One can only speculate,
but, according to a copy of a letter obtained by the Glen Iris Blog, it’s the
subject of a complaint recently made to the office of Samuel Olens – the Attorney
General for the State of Georgia. The
letter maintains that the Board’s long-standing refusal to make Association financials
available to members – most recently at the Annual Meeting – is a violation of
State law. The letter specifically cites Georgia Code Sec. 44-3-230 – a section
of the Georgia Property Owners’ Association Act - that states:
“At the annual
meeting, comprehensive reports on the affairs, finances, and budget projections
of the association shall be made to the lot owners.”
-Georgia Code 44-3-230
The letter also raises the concern that such a long-standing
and steadfast lack of transparency on the part of the Glen Iris Board may be
the result of financial malfeasance or misappropriation of Association funds
that could be on-going for nearly a decade – with possibly devastating
financial repercussions for the 110 Georgians who call Glen Iris Lofts home.
Stay tuned, neighbors…
I believe that the sharing of our community financials is not only imperative but is an obligation of the Board. Any member of GIL, who pays their dues on time and is in good financial standing, is not only entitled to the financials, but they are entitled to approve and/or disapprove the annual financials/budget at the annual meeting. (Board Officers may indicate otherwise but they are unable to reproduce the "opinion" issued by an attorney several years ago that claims otherwise) As a past board member, who resigned before serving my full term, found the Board's blatant disregard for transparency to be unacceptable in their duties as elected officials of our community. Each and every member of our association has rights that they are entitled to as dues paying members of our association and are entitled to the enforcement of those rights. Our community BLOGGER has clearly stated Georgia Code 44-3-230 and I call on our association members to take a stand for your rights and transparency of our Board's actions on behalf of our community. Thank you!
ReplyDeleteNote... For those of you reading, I have requested the same in board meetings, as well as the annual meeting. And as a believer in transparency, I will make my comments and identity known.
Request of the Board:
1. Share the Income Statement along with the Balance Sheet
2. Include all supporting documentation, proposals and estimates for maintenance/improvement projects
3. Adhere to Georgia Code and include the approval/disapproval vote on the annual ballot