MR. O’BRIEN’S BALANCE SHEET
On December 9, 2014 Mr. O’Brien
prepared and subsequently distributed financial reports reflecting the various
balances on hand “as at December
31, 2014.”
The Balance Sheet is
indicating “Current Year Revenue in Excess of Expense – Not Audited” as
$400,437. In and of itself this is not
really that significant (in my opinion) when you compare it to the total budget
for the year which is just shy of $6.7 million.
However, Mr. O’ Brien have
you included the expenses – large and small – that may or not be known in
actuality until January? Security,
Transporta-tion, electricity, telephone and fuel for the buses and cars will
not be invoiced until then.
Your December 31st
report “UCO Revenue and Expenses” indicates $350,000 under budget for 2014 in
just two major items; Security and Transportation. Does it not seem likely that most of this
$350,000 will accrue to 2014 expense, thereby reducing the plus $400,000 in a
significant way?
Mr. O’Brien, please give
the residents of Century Village credit for being astute enough to realize that
THIS Balance Sheet for the entire
year cannot possibly be considered as representing the actual final accounting.
At the very least your
report should say ESTIMATED with the
assurance to
us that a final report
will be distributed at the February Delegate Assembly.
Remember what Mr. Lincoln
said “. . . YOU CANNOT FOOL ALL
OF THE PEOPLE ALL OF THE TIME.”
Dorothy Tetro
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