Hi All,
Where is our Audit?
Here we are in August, and we have yet to see the Annual Audit for 2007 required by Florida Statutes and our Bylaws.
I mean a real detailed in depth Audit, by an arms length independent Auditor; not a friend of King George like Ms. Butner!!!
Following is an extract of Florida Statute 617, under which UCO is organized; it places on the Board of Directors (In our case that would be the Delegate Assembly) the responsibility of producing the Financial Report for Unit Owners “within 60 days following the end of the fiscal year”
How is that possible since UCO has thus far failed to produce this years audit.
Of course you may remember that Treasurer Tetro has repeatedly stated that she only knows what lines to put the numbers on.
We must see the Books; it is our money, what is being covered up???
Dave Israel
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Start extract:
617.1605 Financial reports for members.--
Within 60 days following the end of the fiscal or calendar year or annually on such date as is otherwise provided in the bylaws of the corporation, the board of directors of the corporation shall mail or furnish by personal delivery to each member a complete financial report of actual receipts and expenditures for the previous 12 months. The report shall show the amounts of receipts by accounts and receipt classifications and shall show the amounts of expenses by accounts and expense classifications.
End extract:
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Following is an extract of our Bylaws of UCO, requiring an annual Audit, which has yet to be produced
C. TREASURER —
The Treasurer shall keep a full and correct account of all cash receipts and disbursements and deposit all funds in banks, or financial institutions, in the name of and to the credit of the organization.
All such deposits must be secured by the United States government, or in bank CDs. However, said deposits of funds may be invested by loans to WPRF or its successors for "Operating Expenses" and/or the "Operational Budget" under the Millennium UCO Amendment to Long Term Lease.
Said loans are to be repaid as decided upon in each case by the Operations Committee. He shall disburse the funds, as need may arise, accepting proper invoices or vouchers for such disbursements.
Checks issued in behalf of UCO must be signed by the Treasurer and the President may substitute for either.
A check will not be issued which does not carry two (2) signatures. He shall be Chairman of the Finance Committee and shall, with the assistance of that committee, prepare an annual budget for approval by the Officers, the Executive Board, and the Delegate Assembly in October.
He shall arrange for an annual audit of the books and records of the organization by a public accountant certified by the State of Florida.
Saturday, August 2, 2008
KING GEORGE, MS. TETRO, WHERE IS OUR AUDIT
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8 comments:
Since everything in the bylaws is HE. Perhaps Ms. Tetro feels that none of this applys to HER.
Since Georgie Boy ran off to Israel right after quiting his office and Tetro went missing from the UCO office, an outside audit by a neutral party is certainly called for.
here, here! Let's recall BOTH, NOW!!
we only need 175, and 141 voted against thus team!
Whether they were right or wrong, Phyllis Richland, Howie Silver and George Loewenstein resigned for reasons they felt was necessary. Dorothy Tetro on the other hand did not resign but basically abandoned the people she was elected to serve by doing nothing and staying away from the UCO office. The best thing that Dorothy Tetro could do now is to resign immediately. No recall just the right thing to do.The job of treasurer is one of trust.Because of her recent actions she has lost the trust of most of the residents. It is time to go.
Does anyone out there remain confident of the Treasurer’s concern for this Village?
Abandoning her post when the President and VP resigned!
Permitting the Audit to be LATE without bringing this to the attention of the Delegates, as to why there was a delay on her watch?
Asking inane questions during PowerPoint presentations “are there any questions?”, instead of JUSTIFING each and every budget item, as required for PROPER budget approval. Adding to her naiveté that once money has been allocated, it may be spent without further discussion at the Delegate Assembly.
Frankly a blanket approval, without specifics leads one to believe funds requested by a committee may be used to CHANGE COURSE during the budget year, since we never were properly informed of the use to begin with. Her understanding would lead us to believe…we may spend the monies allocated without coming back to the Delegate Assembly. What ????????
A budget item approved at your Association meeting limits your spending for that item alone, and any change would require you to hold a meeting to explain the change and obtain the required approval from you Owners or Board. UCO should do the same! We have a mandate to hear specifics and to hold UCO and the Treasures feet to the course we, the Delegate Assembly, approve.
One of the major shifts in power now is that the Delegate Assembly is now in charge. The officers are only tools to be used by the delegates. Will it now be necessary to have matters go to the officers committee first, then to the executive board BEFORE it goes to the delegate assembly? Do the officers have authority to approve or disapprove anything?
To anonymous 11:26,
What you call a shift of power is incorrect. The delegates have always been in charge. With bluster and make-believe, they have just been put to sleep under a hypnotic spell. George's self-serving egomania broke that spell and the delegate assembly woke up. So now you just have to learn who really is in charge.( And it ultimately is YOU )
Good luck to you and all of us.
Do you believe our reelected President got hat message? Former VP Silver did not!
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