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You are here: Home / Finances / Show Me the Financial Documents

Show Me the Financial Documents

February 23, 2007 By LakeHolidayNews

We’re closely following the response to the questions posed by Bill Masters about money issues at Lake Holiday. So far, a few emails have been exchanged, one of which has triggered calls for the resignation of at least 1 director, Noel O’Brien. We’ll update this post as additional responses are received.

John Martel, LHCC Treasurer, in an email acknowledged receipt of Masters’ original email to him and other LHCC directors. He seems to suggest that Masters may not get what he requested – and what he is legally entitled to – in a timely manner. Masters correctly points out that his legal right to this information is “crystal clear” in a follow-up to Martel. He even offers to show up and do the copying himself to minimize any administrative burden. The bottom-line: so far Martel has produced nothing and provided no further update.

The most ridiculous response to Master’s request came from LHCC Director Noel O’Brien. Writing to both fellow director Martel and to Bill Masters himself, she suggests that the Board present an inflated invoice for $10,000 as a “deposit” for the work of copying the documents. Presumably, the charge that would appear on the final bill would be even higher. At 7 cents per page, $10,000 will pay for almost 143,000 pages. At most, Masters is requesting a few hundred pages of documents. O’Brien says the work to comply with Masters’ request will be done by volunteers. In actuality, any work would be performed by LHCC’s paid employees, who as a group are budged to be paid over $250,000 in 2007. Apparently, Noel O’Brien forgot that collecting a paycheck makes someone an employee, not a volunteer. Further, O’Brien suggests that the Board fabricate the hiring of 3 new employees and make Masters pay the cost. Is this how O’Brien imagines complying with the law? Is Miller & Smith proud of the director they elected to represent them us?

Noel O'Brien's reply to Masters

Let’s see if other LHCC directors criticize the position staked out by O’Brien. So far, none have. If there’s anything less than complete and timely production of the documents, O’Brien’s statements will reflect on the entire Board’s efforts to withhold information from members.

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Filed Under: Finances, Utilities Tagged With: Martel, Masters, Miller-&-Smith, Noel-OBrien

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