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Condo board runs meeting with no financial review or reports


Our Condo Association’s last fiscal year ended April 30, 2012. Our Association by-Laws indicate Board has three months there after to hold Annual meeting. Since we purchased our Condo several years ago it’s been common practice for Board to deliver finance report from CPA illustrating Assets, Members Equity and summary of previous years Revenue and Expenses. The Board has never submitted an annual Budget for forth coming year. The meeting has usually been in May. The Board called our Annual meeting last Saturday with notification. It lasted ten minutes without distribution of any finance reports. Nothing, not even a blank page labeled finance report. Chairman blamed it on CPA. Yes, I know your going to ask, Chairman stated there would be no questions from floor and no discussion. Chairman moved to close meeting. The motion was seconded followed by no vote. Any thoughts!

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