Of particular concern is the 401(k) vesting schedule in providing a 100% employer match of the first 3% of pay with immediate vesting of those contributions, while even the largest Nevada casinos that offer such a plan, have suspended employer contributions since the real estate collapse in 2008.
I would like to make a recommendation regarding standing committees.
ANYONE who is a homeowner in good standing with the association and has experience in their previous life looking at problem solving, interacting with others and has the welfare of all SCA homeowners as their number one priority, should be considered as a member of that committee.Furthermore, they should never be asked the question, "Are you willing to vote in unison to go along to get along?"
Diverse ideas with substance should be allowed.There are many homeowners who could add a more fair-minded approach to rules and regulations governing each committee that would make our community a better and more open and transparent place to reside.
Anthem Opinions would like to make the first suggested priority.
ReplyDeleteA sound business operates on a properly prepared budget as part of its planning.
The greatest percentage of the SCA budget is allocated to employee salaries and benefits.
These items need close examination in comparing them with similar sized Nevada HOAs.
A perfect example is the hiring of a Chief Financial Officer at a cost of about $200,000 per year.
It was obvious at the last Board meeting when basic questions were asked of the SCA's CFO, there were many "I don't know" answers.
A CFO's job description in a non-profit organization is defined as follows:
https://work.chron.com/nonprofit-organization-cfo-job-descriptions-19145.html
The benefit program also needs close examination.
Of particular concern is the 401(k) vesting schedule in providing a 100% employer match of the first 3% of pay with immediate vesting of those contributions, while even the largest Nevada casinos that offer such a plan, have suspended employer contributions since the real estate collapse in 2008.
From Barry Goldstein...to...Anthem Opinions
ReplyDeleteI will make the second recommendation:
Transparency of all employment contracts, including who drew them up and who recommended what was included in them.
Maybe a written letter from the association attorney, why it was in the best interest of the association.
From Marcia Kosterka...to...Anthem Opinions
ReplyDeleteI would like to make a recommendation regarding standing committees.
ANYONE who is a homeowner in good standing with the association and has experience in their previous life looking at problem solving, interacting with others and has the welfare of all SCA homeowners as their number one priority, should be considered as a member of that committee.Furthermore, they should never be asked the question, "Are you willing to vote in unison to go along to get along?"
Diverse ideas with substance should be allowed.There are many homeowners who could add a more fair-minded approach to rules and regulations governing each committee that would make our community a better and more open and transparent place to reside.