Lake Currents October 19, 2018

Page 1

The Official Newsletter of the Lake of the Woods Association, Inc. Vol. 16, No.13

540.972.2237

LOWA.org

/LOWAssociation

October 19, 2018

President’s Letter by Clifton D. Wilks

On Aug. 31, we informed our members of a personnel and legal matter involving financial irregularities that were brought to light during our audit process. As a result of this incident we have engaged the services of the Forensus Group, a forensic investigation firm based in Richmond. Managing and Senior Directors Chris Haney and Kevin Mikolashek began their work on Oct. 5, and it will continue until completion. They have been onsite several times and we are cooperating fully with the investigation. We will get a report of all fraudulent activity that may be discovered along with identification of deficient financial controls. Chris Haney, CPA, CFE, is the Founder and a Managing Director of the Forensus Group specializing in financial investigations, forensic accounting, and healthcare disputes. He has been admitted as an expert witness in federal court and he regularly provides advice to clients regarding financial damages and statistical analysis. Previously, Chris was a member of the FBI’s Forensic Accounting Unit specializing in complex white collar and healthcare violations. Chris has led extensive financial investigations with experience spanning criminal, civil and internal corporate matters. Kevin Mikolashek JD, MBA, served for over ten years with the U. S. Department of Justice, where he led investigations into allegations of fraud. A substantial part of Kevin’s practice involved leading teams that included federal law enforcement officers and other subject matter experts. Kevin served for eight years as an Army officer, where he was a prosecutor and legal advisor to combat commanders. For more information about Chris and the Forensus Group, go to their website www.forensus.com. This firm was selected after review and consideration of five potential firms to perform the investigation. I particularly thank a Finance Committee member, himself a member of the Association of Certified Fraud Examiners, in providing advice on offers provided by the two final potential firms. When the opportunity arises, we will provide more detailed information about the results of their investigation; for now, the investigation is ongoing. This thirdparty firm is engaged by the Board of Directors and should members contact them, Forensus will redirect such inquiries to the Board. On a positive note, Director Pete Brown and I hosted a Coffee and Conversation with 14 or so members on Sept. 29. There were general questions about the Flat Run forebay, how to seek answers to questions about what to do on one’s property, and what the rates might be for the new fitness center. Members questioned the referendum for ECC and whether such charges, if eventually levied, would be appealable to the LCC and then to the Board. Members were inquisitive, cordial and thanked the board for its service. One member, toward the end, asked what they could do as a member to help make the community better. This is an excellent and positive question, and the short answer is that members should continue to maintain their properties and to get involved in clubs and committees.

President's Letter 1 Agenda 2 General Manager's Column 2 Association News 2-10 CARC Update 3 Board Minutes 3 Calendar 9-10 Viewpoints 16 Orange County 21 Classifieds 22-23

Saturday, October 20 Schutzenfest 9 AM-5 PM, Woods Center LOW F&R Chili Cook-Off 4 Pm-7 PM Cubhouse Point Thursday, October 25 Meet the Management 9 AM, Holcomb Building Saturday, October 27 Prescription Drug Take-Back Day 10 AM-2 PM, Clubhouse Parking Lot

Halloween in LOW Wednesday, October 31st

Trick or Treat Trick or treat will be from 5pm to 8pm in LOWA If you will not be home or wish not to participate, please turn off your outside lights so your house will be passed by

Treats on the Point Treats on the point will be held from 6pm to 7pm Those who wish to hand out candy may call the Community Center at (540) 972-9680 to register or for more info Setup will begin at 5:45pm and trick Rr-treaters ZLOO EH DGPLWWHG beginning at 6pm

Sunday, October 28 Halloween Costume Party 5-7 PM, Clubhouse Tuesday, October 30 LOWA Special Board Meeting 6 PM, Community Center Saturday, November 3 LOWA Regular Board Meeting 10 AM, Community Center

LOWA Website Links Clubhouse Area Recreation Complex Info LOWA.ORG/CAPITALPROJECTS dwellingLive LOWA.ORG/DWELLINGLIVE Lake Currents online: LOWA.ORG/LAKECURRENTS


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.