message board home
Next
2/12/2023 5:12:50 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: Too Much Money Msg# 1182228
|
||||||
|
Hi Monica. You are OPA Treasurer. Perhaps you can answer a Reserves question I have sought an answer to for over a year.
At one point OPA had a goal of reserves total being 25% of some number. Now we hear that may increase to 40% of some number. What is the amount of ”some number“ and how is this “some number“ calculated? |
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: I can’t fathom even how Ocean Pines could spend $8,086,566 in two years much less on what? I understand your point, but reserves are not intended for short term use. Also, with the new state law whatever reserves we have must be approved by a reserve study specialist like DMA as adequate. I have asked if we have a formal, written statement from DMA that our reserves comply with state law at this point. Never received an answer. Now Amy Peck claims OPA needs substantially more reserves than previously. It is long past time for the Board to provide a definitive statement. Peck throws out a 40% number as opposed to the past 25%. I ask a simple question - 25% or 40% of what? I asked many months ago. i asked then Treasurer Larry Perrone. He resigned as Treasurer after Horn essentially said he should ask OPA Info. That was incredible I just asked Peck three times. No answer from any quarter. |
| Calendar |
OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhpuse
6/28/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
7/26/2025 - 9:00 A.M. |
|
Annual Meeting - Assateague Room
8/9/2025 - 9:00 A.M. |