Proposed Amended BP-16

Okay, I guess it's just me but....

If you read the proposed amended BP-16 you will read about the Finance, Budget and Audit Committee????

When the heck did the Finance & Budget Committee change its name? Only the parent body that established the committee can change its name and charge! It certainly wasn't done at a Board meeting with a proper motion and vote?

And it doesn't take a rocket scientist to understand that a Finance & Budget Committee should not be auditing itself! They need to be done by an entirely separate entity.

No,...just leave the Finance & Budget Committee the Finance & Budget Committee, let somebody else continue to do the audits!

 

Unbelieveable FYI, though seemingly par for the course!

 

For your information it has always been Budget, Finance and Audit. We are not auditing ourselves, rather that refers to the auditing of clubs that their financials are in order. Usually the club requests an audit but if some “funny business “ has been reported the auditors or auditor would conduct same and write a report for clubs office and the club.
I was an auditor for a few years but was fired for doing my job. Unfortunately the club president didn’t like my audit and complained to his good golfing buddy who was a Board officer, who incidentally knew nothing about conducting an audit. First time I was ever fired for being too competent.
FYI, now cue your statement.

 

Thanks for clearing up the confusion, Dave, regarding RCSC club audits. I know there is a professional audit done every year for the entire RCSC. Does that go through the BF committee or does it go directly to the Board? Just curious........

 

Then why isn't it listed that way in the corporate documents? Was never listed that way when it was in the Bylaws and it's not listed that way in the Board Policies?

BTW, I do know that the budget is audited by an outside firm.

As far as auditing the Clubs go, from what I hear, regarding certain Clubs and their sales, there's a lot of shady things going on that are apparently being overlooked? Just say'n!

 

I bet I could name a few….

 

And I bet they would be different from the Clubs that I would name?

But my lips are sealed!

 

Normally, the outside audit went through management and the Board and sometimes not the Board. That was my first stint on the Board and I had to ask for it. Flash forward to the present, the committee met with the auditors w/o management or Board present and could ask anything we wanted. That was subject to interpretation and the chair. That aside, the committee, Board and management will see the audit at pretty much the same time which should be about October or so. The audit is being conducted as I type. Once the final product is completed any member can request a copy.

Shady things happening with money in clubs? I am shocked, mind you shocked!! Yeah, I saw it it was tried to be hidden but numbers and receipts don’t lie. My lips are sealed also.

 

So even on this site transparency is not valued much?

 

My thought exactly. All these sealed lips

 

Apparently only when mr. sun city wants to dox someone. then it becomes very transparent and turns into a ghetto attack mob.

 

Amazing....not. People "in the know" about Sun City know about "shady things" happening and won't say a thing. Just one more thing that makes this such a great place to live.

 

I wondered when I was on the Board whether the committee charters should be better defined but never really brought it up.

 

T9m, not so much a lack of transparency as it is a professional relationship with confidentiality as prescribed in the First Amendment. There is a confidentiality as there is with doctors and lawyers. It extends to auditors and CPAs.

I will say, without breaching confidentiality, that the preponderance of an audit revolves are internal controls. If anything is shady it would involve this. During my career I was audited annually because I was responsible for the handling of collateral for our branch office. Didn’t bother me because I had nothing to hide and followed our procedure’s religiously. I also audited underwriters at other branches regarding their handling of collateral which there was nothing shady going on there and they had nothing to hide. This is why our company had the sterling reputatation it enjoyed and none of my compatriots would endanger that.

The person who steals from you is the person you trust the most.

 

GdV - Just an FYI from one professional to another: The auditor client privilege is not based on the constitution. I agree with your characterization of weak internal controls being the crux of an audit.

 

Okay thanks Dave. Of course this leaves us guessing, wondering, and theorizing about the RCSC finances. So all in a position of authority in the RCSC should not complain about members whom ask questions pertaining to RCSC governance. And the questions should be answered as truthfully as possible.

 

I hope not. I was starting to trust you.

 

Big mistake. Just one more thing the residents need to know.

 

John, it has been ruled that the Freedom of Association clause covers these relationships. One of my oldest friends gave me his Constitution law book from law school and I read the whole thing. He also gave me his Estates and Trust and Federal Evidence which I read. I follow court decisions regularly at all levels. I like Constitutional law the best. FYI he graduated from U of Toledo law school. Go Blades.

 

So . . .
First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

It's the right to peaceably assemble that covers doctors and lawyers and . . .... others of that ilk?