Two items that should be addressed at this time are 1) this week’s election for the ACSA Board of Directors, and 2) the assembled disclosure communication to the Residents of the ACSA’s financial status. Let’s take a brief look at each item. Further discussion will follow with future posts.
ALSO COMING SOON – IS FIRST SERVICE RESIDENTIAL ARE BEST CHOICE?
COMING SOON – WILL THE NEW BOARD OF DIRECTORS BE FOCUSED ON ALL THE RESIDENTS?
THIS WEEK’S BOARD OF DIRECTORS’ ELECTION
The Residents need a change from the current Board of Directors; this Board majority is self-serving and has not served All the Residents equitably. This Blog endorses the following. Director Candidates.
Christopher Edwards
Arthur La Flemme
Robert MacIntosh
ACSA FINANCIAL REPORTING
The ACSA’s financial reporting disclosure communication to the Residents can be made more understandable with the addition of simpler documents, which would offer a snapshot of where the ACSA financially stands. The data disclosed appears detailed; however, it’s like pieces of a puzzle that need to be placed together, i.e. to show a finished puzzle
Two examples of showing an understandable financial situation are a Balance Sheet, and a Profit and Loss Statement, e.g. for the Brassie Grille, Golf Course, and Tennis Club. See examples of these forms below.
These two financial forms are simple and to the point for a quick overview of a financial entity. Certainly, there is much data that these two forms represent; however, the dumping of all the data that has been provided to the Residents for the Residents to decipher is not a fulfilling act of transparency. Showing readable forms WITH the enormous piles of numbers practices true transparency of where the ACSA stands financially.
MORE TO COME.