YYC244

Hi, Many discussions about the election of the new board of directors. Before any owner makes a decision regarding their vote, please take in consideration what the board did to our complex - in 2007, 2008 – and 2009 until the AGM on June. I had the opportunity to review the detailed financial statements and general ledger for 2007 and 2008 and I found out these were a disaster! The following were pulled from the General Ledger of YCC244: General repairs and maintenance - they spent $44,300 and $17,000 was not invoices accounted for - the accountant could not provide the invoices or any explanations - where was this money spent? Landscaping & Snow Removal - they spent $19,800 – have you seen any work done around our complex in 2007 - 2008? Also No invoices or buck up for some of these expenses. Parking Garage maintenance - $15,000 – which building? Also No invoices or buck up for some of these expenses. Pool, Recreation Centre 2007 - 2008 - $10,000 – the recreation room has not been working on 2007 -2008 even though we pay $40/month for the recreation centre in 3740 Don Mills. Also No invoices or buck up for some of these expenses. Janitorial service - $37,000 – there are no janitorial services performed in any of the buildings! A monthly payment of $1,449 is made to…….a-cleaning company. Also No invoices or buck up for some of these expenses. Electrical, lighting, ventilation maintenance - $19,200 Fixed the superintendent unit $ 1,500. These changes of Property Management cost us $ 12,000. Why we have two bank accounts for the YCC244 - CIBC and HSBC and the treasure had the authority to signed cheques just for CIBC???? As we heard on the HSBC account –just Dan has the authority to signed cheques … ……-WHAT IS GOING ON WITH THIS ACCOUNT TO BE KEPT SEECRET? The board of directors must show the bank statements for both banks and copy of the cheques to see who have the authority to signed cheques? In the last 2 years, the Property Management Company has changed 4 times, just so the records can be erased and all blame to be directed to the Management companies, BUT ANY EXPENSES INCURRED FOR OUR CONDOMINIUM MUST BE APPROVED BY THE BOARD OF DIRECTORS. Some of the board of directors resigned because they did not agreed with what going on with our money and do not want to be kept responsible. Unfortunately, last year when the AGM took place I was out of Canada and could not show what I FOUND OUT on the details General Ledger of YCC244 - but I that is better late than never to tell what I found out. In accordance with the Condominium Act, every owner has the rights to see the details of all the expenses. Condos - Government of Ontario (Canada) According with Condominium Act, 1998, is designed to protect your investment, improve the day-to-day operation of your condominium and allow for new kinds of condominium developments. Condominium owners hold title to their units and share responsibility for ... that unit owners have an opportunity to review the financial statements in a... Whether you're a first-time buyer or have lived in your condo for years, the Condominium Act, 1998, is designed to protect your investment, improve the day-to-day operation of your condominium and allow for new kinds of condominium developments. http://www.gov.on.ca/MGS/en/ConsProt/STEL02_045929.html I am posting this just to make sure that the maintenance fee will be reduced and calculated right. Unit 182