By Bryan Skelly, former PMCPOA Board member (2017-2020), and Finn Myggen, former chair PMCPOA Budget & Finance Committee; four-year member Governing Documents and two-year member of PMCPOA Planning Committee
This year, the Pine Mountain Club Property Owners Association management is building a $1,000,000 pool and has already allocated $509,261 to architect Gwynne Pugh as of November 21, 2020, to draw up technical plans for a multimillion dollar remodel of the PMCPOA clubhouse.
Overcharging Homeowners Adds Up
All this money came from overcharging the members in prior years. We were told by Chairman Bill Lewis II that there would not be a special assessment or increase in the regular assessments, because they “already had the money.” Where did that money come from?
PMCPOA obtained that money from charging members more than it costs to run PMCPOA. This has been happening many years in a row. These overcharges—called “carry-overs” in the budget—have created a surplus that is now being allocated to new projects. It came from what appears to be a purposeful strategy of systematically overcharging the members in prior years.
Members’ Budget Meeting March 13
Next Saturday, March 13, at 10 a.m., PMCPOA will present, via Zoom, the Annual Members’ Budget Meeting, to take questions from members about the draft 2021-2022 budget.
To take this presentation in context, it is useful to review PMCPOA’s history on assessments. The graph at right contrasts PMCPOA actual assessments versus what assessments would have been if…(please see below to view full stories and photographs)
PMCPOA Assessments vs. Inflation-Adjusted Dollars
Pine Mountain Club POA, Inc. Draft Summary Budget for 2021-2022
To see full stories with photos, please purchase a copy of the newspaper at many locations (click this link for a list) throughout the Mountain Communities.
Or, have your newspaper delivered via mail and include internet access. Just call 661-245-3794. Classified ads are FREE to paid subscribers! See front page at www.mountainenterprise.com for details.
The e-Edition is available now with full photos and stories at The Mountain Enterprise e-Edition. Select the 2021-0312 edition.
(subscriber login required)
This is part of the March 12, 2021 online edition of The Mountain Enterprise.
Have an opinion on this matter? We'd like to hear from you.