Hey board!

Where is the accounting for the last two years?

You are increasing our assessments by 8% for 2025, on top of the 7% for 2024.  That’s about $170,000 of our money.  You also took out a loan for $300,000.

What did you improve on the property for almost half of a million dollars of our money?  We cannot have you go on such a spending spree with no accountability.  What are you doing with all of this money?

Show us the accounting, it’s the law!!!

18. (a)(7) that the board of managers shall annually supply to all unit owners an itemized accounting of the common expenses for the preceding year actually incurred or paid, together with an indication ofwhich portions were for reserves, capital expenditures or repairs or payment of real estate taxes and with a tabulation of the amounts collected pursuant to the budget or assessment, and showing the net excess or deficit of income over expenditures plus reserves

Naper Place News