Via THE ADVOCATE , Mr. Israel has delivered to every single unit a flyer proclaiming his many accomplishments of the past four years. There are two proclamations that I wish to review.
In this posting; the first proclamation - - -
“4 years of balanced budgets, $1 million+ cash on hand headed into 2014”
How quickly he forgets. For the details I refer you to SCANDALS, PART 7, 7A and 7B wherein vast sums of money were transferred from our reserves to fund the paving fiasco.
Then we incurred a situation at the corner of Borden and Bath that required an unbudgeted expenditure in excess of $70,000. We used the money that remained in the reserve accounts.
IF MR. ISRAEL “BALANCED THE BUDGETS” AS HE CLAIMED, HE BALANCED THEM BASED ON THE FACT THAT HE USED MONEY FROM EVERY RESERVE ACCOUNT TO PAY EXPENSES; LEAVING IN OCTOBER OF 2012, A TOTAL OF JUST OVER $21,000 IN THE UCO RESERVE ACCOUNTS. That’s right folks, just over $21,000!
Just to put this into proper perspective, how many of the individual Associations in Century Village have less than $21,000 in their reserve accounts? It was only in the 2013 budget that we started to come back, albeit slowly. And now again in 2014 we are adding to the reserves that we accumulated in 2013.
UCO – with a $7 million dollar budget – had less in reserves than the vast majority of Associations. Were you even aware of this until I took office as the new Treasurer and enlightened you? Because of the actions of Mr. Israel, I did not sleep well at night. No, it wasn’t Mr. Israel’s careful monitoring of UCO expenses that balanced the budgets. Why, for a long period of time in 2013/14 Mr. Israel refused to even sign the checks. How was this of assistance to HIM in HIS balancing the budget?
I have expanded upon this proclamation - which has been distorted by Mr. Israel in an attempt to make it believable in your mind. Mr. Israel lies to your face and then dares to place his lies in print. The credibility of the remainder of Mr. Israel’s proclamations are also very questionable. Tomorrow I will address another of these proclamations for you to think about.
Before you vote, I ask you to think about what I have written and decide the truthfulness of his proclamation for yourself.
Dorothy Tetro - UCO Treasurer
UCO – with a $7 million dollar budget – had less in reserves than the vast majority of Associations. Were you even aware of this until I took office as the new Treasurer and enlightened you? Because of the actions of Mr. Israel, I did not sleep well at night. No, it wasn’t Mr. Israel’s careful monitoring of UCO expenses that balanced the budgets. Why, for a long period of time in 2013/14 Mr. Israel refused to even sign the checks. How was this of assistance to HIM in HIS balancing the budget?
I have expanded upon this proclamation - which has been distorted by Mr. Israel in an attempt to make it believable in your mind. Mr. Israel lies to your face and then dares to place his lies in print. The credibility of the remainder of Mr. Israel’s proclamations are also very questionable. Tomorrow I will address another of these proclamations for you to think about.
Before you vote, I ask you to think about what I have written and decide the truthfulness of his proclamation for yourself.
Dorothy Tetro - UCO Treasurer
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