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2/12/2023 12:32:15 PM
 
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Section 5: OPA Board Subject: Too Much Money Msg# 1182222
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For clarity sake, should all of our amenities suffer a rash of horrible weather causing huge losses it wouldn’t have any impact on our reserves.
That is true. But there might be a horrendous impact on the bottom line that year, leading to a "structural deficit" resulting in another "five-year" plan.
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For reference, the above message is a reply to a message where: Amy: For clarity sake, should all of our amenities suffer a rash of horrible weather causing huge losses it wouldn’t have any impact on our reserves. Stockpiling money in reserves that we couldn’t possibly spend over two years is a not proper. Marty |
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