My apologies, I know it has been weeks since writing but with the weather finally breaking and visitors in town, time was at a premium. However, there has been no shortage of RCSC-related happenings. We won't belabor any of them, because like us, we know being outside when it is 70 degrees is the exact reason many of us live here. We will try and break this into snippets of all of the changes so you can pick and choose the things that are of interest to you.
Mountain View Put On Hold; First Reading.
Easily the most controversial board action in a very long time was at the Feb, 23 board meeting when the Mountain View project was recommended to be put on hold (first reading). If you haven't watched it yet, you can catch it here. There was also a flurry of motions made pertaining to a more transparent and easier-to-read financial process. Lots of good back and forth and for the most part, should they pass at the next reading, many of us will have a more clear understanding of where we are financially at year's end.
While many have become outspoken critics of the board's action to slow the roll on the Mountain View remodel, the reality of spending 40 million dollars over the next 8 years is one that needs both discussion and an honest evaluation. We know theater lovers are upset, but this massive expenditure was never well thought out; especially given the recent drop in home sales over the past couple of months. The RCSC has an asset valuation of roughly 140 million dollars and the idea we would spend that large a percentage (30%) for a single project with such a narrow community impact is illogical.
With our opinion out of the way, this decision is bigger than the board members, bigger than just those living in and around Mountain View, and is one that deserves proper airing across the community. Kudos to the board for asking for input and for understanding their obligations as fiduciaries of our assets. This was how the process is supposed to work. Anyone with thoughts (for or against) on this should make every effort to be at the next Exchange meeting. It starts at 9 am and is this Monday, March, 13th at the SunDial auditorium.
There's been any number of articles in the newspaper and across social media sites. It is a controversial topic, as well it should be. You can read my take on it here. And, feel free to post your thoughts on our comment page.
2 More Board Members resign.
We knew one board member resigned and the position was quickly filled by what we lovingly called a "retread." Board members felt they needed someone with a deeper historical understanding of how the board used to work. Following the last board meeting, 2 more board members resigned. They had both voted no on the suspension of the Mountain View project. Virtually all of us on the Sun City Advocates have argued the value of diverse opinions, apparently, they didn't see it that way. It's pretty obvious Dale and Allan weren't happy with being in the minority position.
There's nothing new about board members quitting, it has happened periodically over the years. 3 leaving within 2 months is out of the ordinary and normally we would just say thanks for your service and enjoy life away from the board. Unfortunately, when the last two left, they decided to defecate all over those who stayed. I have little patience for what they did. I won't share my comments here but I have a pretty blunt opinion on this thread posted on TOSC. You can read it here.
Musical Chairs For Officers.
There was quite the flap over the president and vice president stepping down as officers but staying on as board members earlier in February. We heard all kinds of rumors and rather than letting them float across social media sites and throughout the community, both John and Steve addressed their health reasons for asking to be removed as officers. It was refreshing on its face, as their campaign to run on an open and more transparent style of governance, was quickly witnessed. You can watch that at the February Exchange meeting here.
Golf Is Still A Hotbed Of Controversy.
In the link immediately above for the February Exchange meeting, there were numerous member comments about how difficult it is for Sun City golfers to get tee times. There is absolutely no question that the biggest reason for this is because of the full-play non-resident passes. Those passes when coupled with a small group (30 or more players who purchase the $2 override on the lottery) are creating a nightmare scenario. It's simply time for this board and management to put a moratorium on all non-resident full-play pass sales. We have and are still calling for a committee of Sun City golfers (the golf advisory committee is a great starting point) to evaluate our entire golf structure. The players know it far better than most of us non-players ever will. Let the community of golfers decide what works and what is fair and reasonable.
Random Thoughts.
There's so much going on and so many hot-button issues, we would be remiss not to point out a couple of things. While many of us were critical of the ASU survey, we know the number of responses was wonderful. We also have firmly supported the idea the follow-up Focus Groups have taken on greater importance. Thanks to all those who offered to help. On another note, kudos to the board for soliciting applications across the membership to fill the two board openings. That's the right way to go about filling positions. "Retreads" are easy but do little to grow the circle.
Finally, a quick reminder: the Sun Bowl show this Sunday night, March 12 has been moved to SunDial auditorium. The doors open at 3 pm with showtime at 4 pm (don't bring your lawn chairs). I suspect the move was due to the Italian Festival this weekend at that venue and the inability of staff to be in two places at one time. I would hope those remaining shows this spring are outdoors. The first two were moved and we all know how much RCSC members love filling the Sun Bowl and enjoying that wonderful venue under the stars.
As always; just one man's opinion.
Bill Pearson, Sun City Advocate Panel Member and Sun City Historian.
PS. Don't forget the Monday morning Exchange at 9 am SunDial auditorium.
209 comments:
«Oldest ‹Older 201 – 209 of 209Dave. I understand how probate works, sheriff sale after foreclosure, lien priority, etc. The Holding Company still doesn't make sense. But that's another conversation for another day.
My opinion - and some will disagree, but the Foundation should be the recipient of assets of proceeds of real estate, especially in today's market. The original Articles established the Foundation to provide resources to help maintain facilities, programs and other services benefiting all members of RCSC. Members should be educated about the benefits and power of charitable donations to a Foundation and the long term benefits. I am convinced there have been many missed opportunities over the years, and we will miss future opportunities if we are not proactive. It's work to manage a Foundation, but the rewards can be returned many times over, and for future generations if properly done.
Tom Trepanier, the cash carry forward in the July,2023 interim statement is located in the cash in bank item. It will be located there until Budget and Finance committee moves it to another category. The members will be advised where to locate that figure, in the future, if necessary.
Linda, you made a statement on TOSC blog the Golf Retirement thread that the Board of Directors and the members of the Budget and Finance committee have a fiduciary responsibility to the members. It is clearly stated in the RCSC corporate documents that the Board has a fiduciary responsibility to the corporation. The members of the committee have no stated responsibility as we act in a strictly advisory capacity. We gather information, analyze same, chart a course for the coming year and the future, if applicable and recommend the next annual budget and any future items that require their attention. At no time does the members of the committee have a fiduciary responsibility to the corporation. If we did our personal assets would be subject in any litigation over our recommendation and I would quit if this were true.
One final point, I recently stated that the property holdings corp of the RCSC is currently a Subchapter S corporation and advised that that it should reincorporate as a Limited Liability Corporation. No one has requested why, well at the next member exchange I am to reveal why.
See you in the future.
Dave, your posts are going through. It's just that there are so many they are continuing onto a new page. You must scroll all the way down and click on news to get to the newest posts.
Faster way:
Click on the number of comments on the visible topic, currently 207
That takes you seemingly to the end of the thread
This thread is so long, you must click the “Load more comments” prompt to access the rest.
Anon, I just updated my computer and I can’t find anything and it brought this post up twice giving the illusion it did not go through. Only after posting the second time did I see this. Being technologically challenged I did not know how delete the second one. Any ideas how this is done?
I am still looking for someone to open a new thread on this site for strictly Budget & Finance postings. Anyone out there to help?
Thank you, Anon.
I would love to see a B&F thread as well. With civility.
This is probably the most important happening in the 11 years that I have owned here. Everyone is going to have to share in the pain and the solution. Still, it's doable. The sky isn't falling.
Christine, I don't think you can delete unless you are Admin here if you post anonymously.
There is a place to leave comments by scrolling down on the right hand side of the SCA Blog page. You could request a new thread on that. Hopefully someone monitors that frequently. This thread is long and has veered it's way from the original topic so I also welcome new threads.
Dave...while F&B members are not the elected fiduciaries of the organization, as the appointed standing committee advisors to the Board, it is the committees responsibility to provide sound advice to the Board to ensure that they are meeting and abiding by THEIR fiduciary responsibilities. It is spelled out pretty clearly in all professional journals for nonprofit organizations and nonprofit Board training manuals. F&B, as well as an audit committee (if an organization chooses to have one) are the guardrails. It's Nonprofit 101. The idea that F&B was meeting 3 times a year and basically providing a cursory review of the budget and recommending adoption to the Board is unimaginable. In my analysis, members play a vital role in seeing that the fiduciary responsibilities of RCSC are met, by making sure we have sound policies, procedures. I'm sending you an article via email to back up my position.
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