I’ve emailed the SCCAH Board on 11/2/15 and again on 11/5/15, hoping they would acknowledge and answer my four questions to our residence and therein avoid publishing this letter in the Sun Day, but they have not responded.
To the SCCAH Board, I regret that I cannot attend the 11/3/2015 presentation [sic] discussing the budget. May I respectfully present my observation, finding, and clarify questions, for the 2016 Budget Highlights for this presentation as follows:
1. On Pages 1 and 2, the numbers in Favorable equals 3.09 and the Unfavorable equal 2.95. Shouldn’t the Net change be Favorable of $0.14 rather than stated $0.00? Please clarify.
2. Why are the 2015 Account Numbers not indicated as previously presented in Nov. 6, 2014 presentation? (Without Account Numbers, it would take numerous hours to review the figures.) Was this intentional? Please clarify.
3. If the 2014 (Page 1) Assessment was $8,544,979 and the 2015 Proposed Assessment is $8,431,112, (difference of 9.86% and the actual 2015 [Page 1] Budget) was $8,359,713, wouldn’t the 2016 Proposed Budget of $8,359,713 x 9.86% = $8,242,677, rather the $8,403,564, therein reducing the $134.00 Total Community Assessment? Please clarify.
4. In the 9/23/15 Board Meeting, Bill Bendick clearly illustrated the status of the 7/31/15 Reserved Amount.
(a) He illustrated that the Total Reserved Budget presented in 11/6/14 was for $2,217,050.
(b) He indicated that what was already paid of $1,311,539 of the 2015 amount was deferred to 2016.
(c) The current 11/3/15 Reserve Expenditure Budget is shown at $3,344,407. However, the RESERVE of 2014 prepared by the consultant illustrated (A) $1,291,305 for 2016 plus (B) $1,311,539 deferred to 2016; therein, the (A) new $1,291,305 (2016) plus (B) previous $1,311,539 (2015) = $2,602,844, not the $3,344.407. However, the new 2016 is $1,291,305.
(d) However, the (B) Bendick illustrates of $1,311,539 deferred to 2016 has already been paid for in the 2015 $28 assessment.
(e) Therefore, the Total 2016 Reserve of $28 should be changed as follows: The 2016 new (A) $1,291,305 divided by $3,344,407 = 39% x $28 = $10.81 and not the $28.00:
Please clarify?
Thank you for your actions on this, and for your forthcoming response.
Ron Ghilardi
Sun City resident
