Open Letter to the Board of Directors
Spring Valley Lake Association
13325 Spring Valley Parkway
Victorville, CA 92395
Mr. Glen Goslaw
Proxy to represent Mrs. Marjorie Goslaw (AC360)
7983 SVL Box
Victorville, CA. 92395
November 26, 2009
Thanksgiving Day
Dear Board of Directors:
Thank you SVL Board of Directors for your leadership toward association fiscal credibility. Tonight’s main agenda item, an audit of the past year, is critically important to all our fellow members who pay into the system. Can we have confidence that the pool of association funds are being expended for the benefit of all of us? As you know, that confidence is an absolute necessity going forward.
There seems to be a great deal of mistrust in our community toward board oversight of this issue in the past. The million dollar perceived deficit is the current talking point. The number did arise from a lack of financial statement expertise. However, the lack of trust that generated the misread, can’t be so easily dismissed by ridiculing questioning homeowners. Our association should welcome engagement by all members, positive or negative, not just the fifty of 4,000 who show up for board meetings.
Mr. Haney, the newly hired association accountant, has been meeting with we few interested members who wish to improve our financial statement skills. We are grateful for the boards direction in giving us this opportunity. In two sessions some of us have concluded that a lot of mistrust has been earned by the sloppy numbers. Instead of a million dollar outcry, we should be demanding an answer to the question, “where are the boats”. Last year $173,000 of our shared funds were spent on boats or related items. Where are the boats? Are they in the marina? Are they in some board members garage? Are they on sale in the weekend corner fire sale? Where is the documentation that will answer these questions? Is this a real number?
The problem is that it is not just boats, but furniture for $163,000, recreation for $131,000, technology $277,000, and vehicles cost us $631,000. How is this possible? The security department must be driving luxury cars. Should we write this off as sloppy bookkeeping? Or is there another scenario, fraud. It is coincidental that when the board reduced the prior general manager’s spending limit from $5,000 to $1,000, he abruptly left. This is at least suspicious. I hope to be wrong.
My question to this board, will accountability happen? Yes or No, will you answer this time, please.
Glen Goslaw ( The lone voice )
