Board Director Still Waiting for Association
to Comply
with
Reporting
Requests
Several months ago I brought to the attention of my friends and
neighbors here at SCA that it has been eight years since
the Foundation Assisting Seniors provided us with a DETAILED annual financial
report of their activities.
My attention to this unacceptable situation came forward when
I learned that our Board was going to sign a lease with the Foundation Assisting
Seniors for space and services the Association would provide to them.
The lease called for a
rental fee of $1000 per month and the Association was going to forgive the
rental fee as a "donation" to F.A.S.
For one thing, I question whether the Association has the right
to "donate" member funds to ANY organization without membership approval.
It is my belief that It is rather routine for a donor to
know something about the financial activities of the
"donee".
Efforts have been made to require the Foundation Assisting
Seniors to issue a complete detailed financial report which shows the
following:
1. Sources of
income
2. List of
bequests and amounts
3. Operating
expenses other than bequests.... including a detailed
list of expenses charged on the F.A.S. national credit card.
The reason I am asking for this (as both a Sun City Anthem
Board Member and Unit Owner...and...potential donor?
I obtained four years of the Foundation Assisting
Seniors Federal Income Tax Returns which showed their expenses (outside of their
bequests) have run between..
.
.
30% and 60%
of their contributions.
Much of this money has been used to further develop their
presence here in the Valley (outside of SCA), and as a result, I question whether we should be funding their activities not
related directly to this Association.
All monies paid by Unit Owners and Members in our association
donate regularly as follows:
All monies paid by Unit Owners
and other Members to our Community Service Group
Funds received at Golfing
Tournaments
Raffles
Coffee
shop
Soliciting money from SCA
clubs
I had the opportunity to talk with the F.A.S. Treasurer, Dan Forgeron, who informed me that the reason there has
been no financial disclosure
since...
2008
?
....was the report created considerable problems for the Foundation
Assisting Seniors President Favil
West.
Mr. Forgeron would not elaborate as to what those problems
might have been or would be, but he stressed that the F.A.S. President did not
want to face those kinds of problems again.
I told the Treasurer that secrecy was worse
than possibly having to answer questions about a financial
report.
If you can't stand the heat...
GET OUT OF THE
KITCHEN!
I want to make it quite clear that I appreciate and personally
support the charitable work the Foundation Assisting Seniors does for the Anthem
communities and other aspects of the Las Vegas valley....
However....
However....
They just have to be more open about their affairs while they
continue to ask for our association's financial support!
Carl
Weinstein
Two Term Sun City Anthem Board
of Directors
&
Association Member since 2002
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Now it's your
turn.
How do you feel about Director
Weinstein's comments and concerns?
Send them to us at:
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