![]() ![]() Section 5: OPA Board Subject: Another $1 Million Profit Msg# 1226030
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Regarding interest earned on our reserve money investments you might want to read resolution F0 1 at reserves. Pretty clearly agrees with my commentary.
Never said we did not collect interest. You apparently choose to ignore what Ringsdorf wrote. “COLLECTING DEPRECIATION EXPENSES IS NOT A REPLACEMENT FUNDING MECHANISM” Anyway, enough for me. Keep pushing for those assessment refunds. I could use the big bucks. |
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For reference, the above message is a reply to a message where: Joe: if we had to replace the beach club tomorrow we have the money. Thankfully, that’s not the case. Regarding interest earned on our reserve money investments you might want to read resolution F0 1 at reserves. Pretty clearly agrees with my commentary. Marty |
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