FirstService Residential Inc is using an incomplete & useless budget planning.

This document is for Fairfield Village South that is part of Fairfield Village.

We have an annual budget that is approved by board of Fairfield Village South:

  • Michael Martin, President
  • Jim Gedeon, Vice-President
  • Larry Kohler, Treasurer
  • Billy Sutton, Secretary
  • Charles Tate, Director

Fairfield Village South Budget 2019

We also have detail monthly report for the year but we do not have the summary for 2019

Example:

01.2019 Fairfield Village South

Annual budget never updates, does not include actual value, variance, and etc.

We must be able to understand the financial health of HOA South by looking only Budget document.

We are paying 22% to FirstService Residential Inc as management fee.

We have no transparency on our accounting system.