Bill Masters, a longtime Lake Holiday resident, has sent an email to John Martel, LHCC’s Treasurer, and most of the other LHCC directors. His email addresses a topic important to us all: money. He makes a request for additional documents and asks to get answers to certain questions.
LHCC’s dues are too high by as much as 46%, and spending is out of control. Worse still, LHCC’s directors want to make a profit of almost $1 million on the backs of members in 2007.
To fully understand this, we need to look at LHCC’s original budgets for 2006 and 2007 and correct them for several financial management mistakes. Since we’ll be developing our own corrected budgets, we’ll refer to the budgets available on LHCC’s website as of today (and linked above) as the “original” budgets and our own versions as the “corrected” budgets.
Does the embattled LHCC board of directors play fair? Is it dominated by people unduly favorable to Miller & Smith who will bend the rules to protect their entrenched positions? Judge for yourself.