Second Reminder for Mailing Proxy – Only 10 received to date by FCAM – Please mail asap
Posted on May 24th, 2011 at 12:27 pm in GeneralGood Afternoon Everyone -
As stated in our last email blast you should have received your annual meeting package. The most important items in the package are the projected budget for 2011-2012 and a proxy for you to indicate your vote. We need you to return the proxy asap so that a quorum can be established at the annual meeting on 6/8/2011. Please return the proxy even if you intend to go to the meeting. The items to vote on are as follows:
The proxy contains two items for voting.
- The first item will be whether or not to waive performing an annual audit of our books and records by a CPA. The audit is only required every 4th year as dictated by Florida Statue. The board is recommending a YES vote to waive doing the audit this year because an audit was performed last year at a cost of $3000. In addition, each board member receives a very detailed package of income and expenses. These packages are reviewed by each board member. The budget package also is posted to the forum site when they are received for your review. Due to the oversight given on a monthly basis the board feels comfortable performing the audit only when required by section 720 of the Florida statues.
- The second item is to roll over excess funds to next budget cycle avoiding any tax obligation. The board is recommending a YES vote for this roll over.
If for some reason you did not receive your annual package please let Jerry Massie our property manager know. His information is:
Jerry Masies, LCAM, CMCA
Phone (727) 785-8887 x309