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Proper/Improper Expenditure by BOD


Guest Rob Elsman

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Guest Kim Goldsworthy

George,

>>Our By-Laws are silent on types of expenditures by the BOD.<<

kg: So what you are saying is . . .?

• The BoD has no restriction?

• No rule was violated?

Since no rule was violated, and s"

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Guest Kim Goldsworthy

George,

>>We'd like to be informed on options BEFORE it happens, IF, it happens<<

kg: Then amend your bylaws.

Then say that any expenditure over $4,000 must be ____ [fill in blank with the communication you want, or with "

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>>What can the community do about this?<<

You could amend the Bylaws to restrict the board's authority. You could take this into account when elections come up. You could take a look at FAQ #20, elsewhere on this site. You could ask a"

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