Where are the external CPA's audit results for the calendar year 2002? The results were due to the CCHOA members in 2003. The Board says the results have been completed. Has anyone seen the results?

Why is the Board not distributing the results?

Where are the external CPA's audit results for the calendar year 2003? When will these results be made available to the CCHOA?

Two years pending of audit results? Why?

The heart of the issue!

When people say they'd rather stay out of this battle and let the board due its job - they are ignoring the fact that the board IS NOT doing its job! This is a prime example of what fosters such hostility and suspicion...I have a hard time believing it takes more than one year to complete and release an audit of an organization with a budget of 1.5 million...Any board answerable to share holders would be hauled onto the carpet for this type of thing. In this case we, the homeowners, are the shareholders - and we have the right to at least question such an obvious lapse in responsibility.
At the January meeting, the BOD said the audit report was in their hands and was being reviewed by the attorneys. They must be taking their sweet time looking at what I'm sure is an extremely ''complicated'' document. Here it is - almost March - and still no results...
I'm sure the report really does exist and is out there somewhere. For all we know, it could state that CCHOA and the BOD run a tight ship and everything is just swell...The fact is - we don't know. Why haven't the results been released? Why haven't they been posted on the Circle C web site?
The fact is, no matter what the audit results, this extended delay only throws gasoline on the fire.

Is this a Conflict of Interest?


Auditors?’ Reports of 2001 and 2000 indicated that TWO of the employees of Alien, Inc. (Gary Bradley?’s Company) were CCHOA?’s Directors of the Board who had total control of Association?’s Fund. Hello! Is this a conflict of interest?!

Almost all the expenditures funneled through Alien, Inc. were subject to the 10% ?“Administrative Fee?” - Bradley's PROFIT!!!


Mr. Rigsbee:

I believe one of these two employees was Steve Bartlett. Who was the other one? Was that Jim O?’Reilly or you? Please let us know.

I look forward to hearing from you soon, so that we can decide whether you deserve to be reelected or not.

Lisa