NedTaljic has formally submitted an inquiry to the Aquarius Board

In response of the note from the Board of Directors of Aquarius Ned Taljic made several observations and documentation requests that have not been answerd to so far. This post presents Ned’s note

Dear Aquarius Residents,

The Board would like to provide an update on the inaccurate information that is spreading regarding the building financials as well as budgeting processes. Our goal always has been full… …. transparency …. (If you did not receive this note from the Board of Directors of  Aquarius the Management Office will be able to provide with one.)

Subject: Request for Clarification and Documentation Regarding Financial Statements and Board Communications

Dear Members of the Board of Directors,

I am writing to address several concerns regarding the recent email communication and ongoing financial transparency matters. The tone of the recent correspondence was unnecessarily confrontational and personal, which does not serve the constructive dialogue needed to address the legitimate questions raised by owners. My inquiries are solely focused on ensuring clarity, accuracy, and accountability in our financial reporting.

To facilitate a productive discussion, I kindly request the following documentation and clarifications:

1. Financial Statements Presentation
   Please provide detailed financial statements that are accessible and understandable to all owners, regardless of their financial background.

2. Outstanding Email Responses
   In your response, please include copies of the emails I previously sent that have gone unanswered. The recent correspondence has raised additional questions about topics such as bad debt, contracts, and salary discrepancies, which remain unresolved.

3. Finance Committee Participation
   I declined to join the finance committee mid-term because I believe meaningful oversight requires involvement from the outset, not after key decisions have already been made.

4. Specific Financial Queries

   • Accruals and Expenses: For the amount of $111,746.57 accrued and expensed in 2024 but paid in 2025, please provide the December reversal journal with GL details for January, along with evidence of how this was offset by the posted invoice. If the invoice was not paid in January, please show how the accrual was maintained until payment was made.

   • Invoice Verification: For the $88,254.69 in invoices received in 2024 but allocated to 2025 work, please provide copies of the invoices, along with supporting documentation such as receipts, proof of services rendered, or signed work orders.

   • Assessment Reconciliations: Please share the reconciliation of all assessments, including details of assessed amounts, loans, payments received, outstanding balances, and expected collections from owners on payment plans.

   • Bad Debt Explanation: The explanation for bad debt in the 2026 budget contradicts earlier statements referencing Florida Statute. Please clarify the condominium practices followed and provide the list of delinquent accounts, as required under Florida Statute for owner inspection.

   • Contract Review: The contracts on the FSD website appear outdated, with missing addenda and expired certificates of insurance (e.g., Connection Elevator LLC’s COI expired on June 27, 2023). Please confirm the status of these contracts and provide updated documentation.

   • Credit Card Charges: Explain why credit card charges are not allocated directly to expense accounts and clarify the discrepancies in monthly charges (e.g., $138 in June and $0 in August).

   • Legal and Miscellaneous Expenses: Provide itemized details for legal and miscellaneous expenses, including the specific cases or matters assigned to attorneys.

5. 2026 Budget Concerns

   • Justify the decision to hire a new maintenance person without corresponding cost reductions.

   • Explain the lack of projected energy cost increases despite ongoing construction activities.

   • Clarify the rationale for lower parking revenue projections when the restaurant, which was closed for three months in 2025, will be operational for the entire year in 2026.

   • Provide the SIRS and Non-SIRS reports that were reportedly shared with owners as part of the budget package.

6. Communication Transparency
   Finally, I request an explanation for why board emails are distributed to all owners, while owner responses are restricted to the manager’s office. Transparency should allow for open dialogue, as demonstrated by platforms like Cecilio’s portal, where owners can freely exchange opinions.

Given the unresolved nature of these issues and the lack of constructive engagement, I believe this will be my final email on this matter. It is my hope that owners will have the opportunity to elect a new board that prioritizes transparency and accountability, and that we can all respect and abide by the will of the majority.

I wish everyone the best moving forward.

Sincerely,

Ned Taljic,  302N  ntaljic@gmail.com

.o0o.