New York's Cooperative and Condominium Community
i want to make a copy of the by laws, but i also want to have it scanned into a digital file, it would be easy for anyone to dl or read on-line, same with proprietary lease. Plus if my Managing company changed items without proper voting as they have already done with the cumulative voting. it would be very easy to find the unauthorized changes. i would have to get that one in a digital format and there are ample free software that will highlight and list items that do not match.
the annual financial budget should also be provided in a digital format if requested by a share holder using a open source format or software that had a reader that could be DL.
Since they use software to make it, it is already in a digital file .
I cant believe we are getting info on our finances the same way we did 25 years ago. Are all the co-ops as behind the times as this bldg.
Plus the better use of technology for spreadsheets you can see at a glance 10 to 15 years of payments and charges. You can have the computer check and highlight anything that is different in documents or contracts. Sure would be easier and quicker, and much easier and quicker to find embezzlement.
Also every board member could have read only permissions to check the bank accounts daily, all independent, in fact give it to every shareholder who request it , we own the building, we should not have to wait until someone embezzles for 10 years and it is caught , because someone finally does their job. But the co-op is SOL on recovering the money.
I have alerts on my banking and credit card that tells me when a transaction has been made. I have total knowledge of my finances on real time via email and cell phone. If we had the same for our monies in the coop,our monies would be much safer. No shuffled money in accounts cover the missing funds The more people that know, the less chance of co-ops being victims.
We have to watch out for our monies ourself and since the AG isn't going to do squat, which i am going to follow up on.
Get rid of that department , why pay them to do nothing except approve plans, and not back up the law.
the price of the co-op prosecuting the thief , could be throwing more money away for no repayment.
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