Guest Bob Posted October 12, 2018 at 04:07 PM Report Share Posted October 12, 2018 at 04:07 PM In July 2016 the board tabled a request for the expenditure for $54,275. There was no August board meeting. The request for the $54,275 was never addressed by the board again. The management company expended the $54,275 for repairs to the building. It is now October 2018. As a board, should we vote to approve the prior expenditure that occurred in 2016? Quote Link to comment Share on other sites More sharing options...
Joshua Katz Posted October 12, 2018 at 04:33 PM Report Share Posted October 12, 2018 at 04:33 PM You should fire the management company for expending organization funds without authorization. On the parliamentary situation, though, it is now 2018, so much more than a quarterly period has passed, and the motion is no longer on the table. You can move to authorize the payment if you choose, but why is your management company spending your money without authorization? Quote Link to comment Share on other sites More sharing options...
Guest Zev Posted October 12, 2018 at 06:29 PM Report Share Posted October 12, 2018 at 06:29 PM Perhaps the rules of this organization allow the management company to make purchases up to a certain amount. However, fifty-four thousand sounds a little bit high. Verify what the contract between this organization and the management company says before you get too angry. Quote Link to comment Share on other sites More sharing options...
Guest Who's Coming to Dinner Posted October 12, 2018 at 07:09 PM Report Share Posted October 12, 2018 at 07:09 PM 2 hours ago, Guest Bob said: As a board, should we vote to approve the prior expenditure that occurred in 2016? That is purely a matter of oversight and entirely up to you. If you do approve it, however, you will likely release the management company from any future consequences. You may wish to consult an attorney first. Quote Link to comment Share on other sites More sharing options...
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