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2/11/2023 7:46:15 PM
 
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Section 5: OPA Board Subject: Too Much Money Msg# 1182196
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The DMA study I believe showed a little over 26% full funding for general replacement reserves and B&F committee has now recommended that be increased. I agree with that assessment especially in light of the passed legislation.
Like many talking reserves, you provide no meaningful data. What do you see as our current reserve total? $$ please. What do you see as our now newly needed amount. $$ please. You reference 35-40% but are unable to say of what? Still waiting for that after two prior requests 26% of something to 40% of something is substantial. Are you saying our current reserves have to be increased 14%? The aroma remains. I'm also more inclined to listen to those with an expertise in finances. Oh. Sorry. I was not aware you had all this information from OPA’s CPA firm. Just forward me a copy. |
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For reference, the above message is a reply to a message where: Last year $ was put into emergency racquet repairs, tdocks, roads and drainage. The DMA study I believe showed a little over 26% full funding for general replacement reserves and B&F committee has now recommended that be increased. I agree with that assessment especially in light of the passed legislation. Anyone who knows me personally, knows I like money in the bank...no hypocrisy. I'm also more inclined to listen to those with an expertise in finances. |
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