• The new Treasurer presented the highlights of the proposed budget in a powerpoint presentation.  The information was helpful, however, many residents were confused because that budget had been modified since the tiny font version that mailed to homeowners.
• Several  homeowners inquired about potential errors in the intitial proposed budget which was mailed and why the updated one was not posted on TownSquare for review by membership.   Another budget TownHall was also suggested.
• One resident reported that it took months receive the requested financial records regarding the 2025  $170,000 Special Assessment  (statutorily, it must be provided in ten business days per FL statute 720.303)   Another homeowner verbally asked for information about how much of the $1.5 Reserves borrowed have been spent on so far.  
• After homeowner questions and board discussion,the board voted 3:2 to  not  approve the revised proposed budget as presented.  This created a question of statutory next steps.   
• Castle Group, Medley's Finance Committee along with Medley's Treasurer are responsible for preparing the budget and any revisions.
• There was a welcomed commitment from the Treasurer to meet with two of the homeowners who spoke at the meeting regarding their questions.  (One or both homeowners mentioned that they were accountants.)
• The HOA Secretary stated that, based on Florida statute, if the 2027 budget is not approved in advance of FY 2027, the association continues operating under the prior year's budget (i.e. flat montly dues) until a new one is adopted.  [CONFIRMED]
• It was also claimed that the proposed revised budget must be re-mailed to homeowners prior to adoption.  However, this site was only able to confirm that for HOAs the adopted budget be mailed or available free to all residents. (See 720.303(6)(a))   In contrast, condominiums appear to require mailing of the both adopted and revised proposed one as well.  (This may be the confusion.  We are researching further to confirm.)  
• Given the above, it does not appear that a 10 day lead time, mentioned by the CAM, is needed to mail a revised proposed budget for HOAs. (We will doublecheck our governing documents.)   Instead, Medley's board could simply post a revised budget on TownSquare and schedule a Town Hall for Q&A -- and still make year end closure. 
• Because mathmatical errors were found in earlier proposed budget drafts, we recommend that it be distriubuted as a spredsheet, as well as a PDF image, so calulation formulas can also be verified.
• Based on the announcement made on committees, the Finance Committee currently is down to only two members plus the Treasurer/prior member/board liasion. MedleyMembers encourages qualified individuals to apply to the Finance committee by emailing Castle with their qualifications and cc the board.

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» P.S. To the several notable Facebook naysayers: We haven't received any refuting facts from you for investigation, so that must mean this site is accurate. 😇