WHY DOESN'T BURNING TREE MASTER ASSOCIATION WANT TO TELL WHO IS SPENDING YOUR MONEY AND WHERE IT WAS SPENT

AUDITS-


 2008-09; 2009-10,  2010-11 now done but where is 2012?  (Fiscal year   2011-2012 ended in April 30, 2012)  

BE SURE TO ASK THE BOARD FOR THIS ON MONDAY SEPT 24, 2012

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BTMA by-laws state that there IS to be an annual audit*:

• Article IX Treasurer (d) The treasurer shall  keep proper books of account; cause an annual audit of the Association books to be made by a public accountant at the completion of each fiscal year
•  Article X  2. There shall be an annual audit of the books and records of the corporation by an independent public accountant and a copy thereof shall be sent to each member within thirty (30) days after completion thereof. (When were the audits completed? Did anyone get their copy sent to them, as the BTMA bylaws require?)

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One of the first things the BTMA board will try to tell you is that there was an amendment to allow for reviews. Several homeowners are now in possession of what they think was an amendment to the by-laws. Any amendment to the by-laws MUST be properly voted on by the members; not by some on the board. They would have to have supporting documents showing that all members were in fact,  notified and allowed to vote.  

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THE BTMA BY-LAWS REQUIRE THE BOARD TO PRESENT A STATEMENT TO THE MEMBERS AT THE ANNUAL MEETING WITH A COMPLETE RECORD OF ITS ACTS AND CORPORATE AFFAIRS

ARTICLE VIII  AND DUTIES OF THE BOARD OF DIRECTORS 2. It shall be the duty of the board of directors to: (a) cause to be kept a complete record of all its acts and corporate affairs and to present a statement thereof to the members at the annual meeting of the members.


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ARTICLE X BOOKS AND RECORDS AND RECORDS  1. The books, records and papers of the corporation shall at all times during reasonable business hours, be subject to inspection by any member. The Declaration, the Articles and these bylaws shall be available for inspection by any member at the principal office of the corporation, where copies may be purchased at reasonable cost. 

WHO IS PAYING FOR THE LAWSUIT MESS THAT THE BTMA BOARD HAS GOTTEN US INTO BY REFUSING TO LET LOT OWNERS SEE THE RECORDS?  

• Summons of lawsuit filed by Joe Nappo to force BTMA to produce records 
• Petition by Joe NAPPO Document #1019385226   
• NAPPO, JOSEPH M v. BURNING TREE MASTER ASSOCIATION INC