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The latest…
The financials were not adopted at our AGM. The meeting voted to defer to an EGM where corrected financials be presented.
I am now in receipt of the Notice of EGM – the financials presented with the notice are more dire than those presented at the AGM.
The EC has engaged an owner to assist it with the corrections – an enthusiastic amateur who has just compounded existing errors and introduced new problems.
No professional strata accounting advice was sought by the EC to sort out the mess the strata manager had made of the books. In addition to discrepancies in the financials that point to an erosion of owners equity the ‘help’ has over claimed GST in corrections.
This has all been pointed out to the EC by owners but the EC is now referring any questions about the material included in the Notice of EGM supporting that the financials are as “good as they can get” to the strata manager.
It has become a blame shifting game.
I hold that it is the EC that is resonsible for the accounting of our money. Y/N?
Can they deflect that responsibility to the SM?
In any event, what do we do now?