The CotoBuzz Journal, Community Journalism

AUGUST 2008 ISSUE

We do not make jokes, we simply watch the LA Times, the Orange County Register and CID/HOA board of directors and report the facts!

LETTERS

GRF 2009 Budget Review, Be There or Be Out of Luck!

July 21, 2008

Letter from LWV resident M. Curtis inviting concerned residents:

Tomorrow (Tuesday, July 22) at 9AM, in the Community Center Board Room, GRF will have a Special Corporate (all boards) meeting to review next year's budget. See the schedule below.

These meetings, they have said, are the last time to get any real changes into the 2009 budget plans.

I will be present to protest the Incentive Plan. I hope many more people can also attend and express disapproval of PCM's under-the-table taking of our funds for their own benefit.

In the past, PCM inflates budgets during the planning phase, then takes a share of the so called "savings" each year and gives it to themselves. This scheme is not shown anywhere in the budgets or in the accounting books and records available to HOA members. We have no idea of the numbers of dollars going to the incentive plan each year. We do know this has been going on since the mid-1990's, and totals in the multiple millions of dollars. PCM now knows that this is too big a deal to keep under wraps and so they have grossly increased their management fee paid to "PCM of California, Inc."

Please plan on attending from 9AM until sometime past 11AM. Here is the schedule.

9:00 AM		GRF Business Planning Committee - Ver 2
9:00 AM		Special Corporate Members Meeting
11:00 AM		GRF Finance Special Committee Business Planning Mtg - Ver 2

Thanks for doing your best to be there. M. Curits

Additional information provide by the LWV Resident’s Voice :

Calculations from the 2008 Financial Red Book and current employee counts:

Total Budget: $93 Million
Total Salary: $41 Million
Total Employees: 987 (Avg Yearly Salary = $41,000, interesting in itself)

Employee breakdown:
    Fulltime Employees: 654
        Union : 431 (66% of fulltime)
        Non union: 223 (fulltime - union)
    Part Time Employees: 333 (total - fulltime)

Using the following "guess-timated" Yearly Salary estimates:
$10,500 for part time employees,
$45,000 for union employees,

We calculate a yearly salary of $82,000 for "non-union full time" employees (predominantly the Admin Building Employees). Does this sound a bit "top heavy" as a distribution of salary.

We either have too many average salaries, or, too high a salary for the top management.

It might be interesting to have PCM provide those actual numbers.

COMMENTS

CotoBlogzz Tagzz - use any number of social networking managers to share this (or any other articles in the Internet) with others...click here and select social bookmarkings threads

RELATED STORIES

LETTERS

The Right LWV Leadership for Such a Time as This?
Is this general manager (Milt Johns) over his head in his management skills? Can someone come out with only experience from the garden to manage a 90 million dollar business without a conflict of interest? When is the last time Mr. Johns lowered our costs...

Working to Serve, Or Serving To Work - Letter to OC Register Columnist
Another good column. I was wondering if there was ever any serious consideration to any non-union government employee for the position of publicly elected Sheriff by either the Register or Supervisors? That is all I see in your Top Five selection and...

To Destroy a Community, or to Destroy the Status Quo?XThat is the Question in this Letter to the Menifee SCCA Board of Directors
First of all I have no intentions or no desire to destroy "our community". However, I must ask you to please define what you think the community is, what it is you think I am threatening to destroy?Secondly, Sun City has been declared a "blighted...

If you would like to make a comment about a specific news article, editorial or commentary and have it considered for publication in the CotoBuzz Journal as a Letter to the Editor, please send it to buzz@cotobuzz.com --. Do not send attachments- or mail to Letters to the Editor, c/o CotoBuzz, P,O. Box 154, Trabuco Canyon, CA 92678

Letters should be brief, and may be edited for clarity and length.. They become the property of CotoBuzz Journal and may be republished in any format. Please include your full name, mailing address and daytime phone number (your number will not be published).