Financial Statements
- June 2018: 54300-000 Pool Supplies $17.25
- August 2018: 54300-000 Pool Supplies $203.91
- Note: “***Pool supplies expensesbooked for August will be reclassified and reflected on the Sept statement”. (Sept – NO, Oct – NO)
Declaration
- November 2018 Violation of 60-day notification of new budget [CC&Rs§ 8.1 paragraph 4 & 8.2 paragraph 3].
- December Annual meeting notice violates SC Code §33-31-705 Notice of meeting location no fewer than ten days.
- December 21, 2018 “Special Meeting” not called per Bylaws § 3.9.
- Bylaws § 3.21(f)(v) Delinquency Report
- CC&Rs § 3.2(a): “…publish notice of proposed action…specifically includes posting notice at the entrance to Barefoot Resort at least thirty days prior to the Board meeting at which such action is to be considered.”
Budget
- Administrative: 50300-000 Professional Services
- 2015: budget 15,000, actual 14,190
- 2016: budget 10,000, actual 26,120
- 2017: budget 26,140, actual 17,130
- 2018: budget 2,000, actual 24,468 (annual rate as of 10/31)
- 2019: budget 7,000
Why is the annual budget uncorrelated to the actual expenditures? What is the budgeting process?