Joe Kamashian and incumbent Jim Barringham were elected to the 2020/2022 Canyon Lake POA Board of Directors. Kamashian received 1094 votes and Barringham received 1012 votes. Election results were announced today at the Adjourned Annual Meeting.
Kamashian and Barringham were the only two candidates running for the two vacant seats on the board. When the number of director nominees is not more than the number of vacancies to be elected, only associations with 6,000 or more units may elect the nominees by acclamation. With 4,800 units, Canyon Lake cannot elect the nominees by acclamation and must follow through with an election.
The 2020/21 Board of Director officers are President Chris Poland, Vice President Tom Nathan, Treasurer Jeanne O’Dell, Secretary Joe Kamashian, and Director Jim Barringham. The five members of the board are collectively responsible for the management and operation of the POA’s business affairs. Board members are elected by at-large for staggered two-year terms.
The IRS Revenue Rule 70-604 Measure included on this year’s ballot would allow the POA to utilize this IRS ruling to avoid taxation on excess member income. IRS Revenue Ruling 70-604 allows a homeowner association to either refund or rollover excess member income that may inadvertently arise in a given tax year without paying additional taxes on that excess income.
This measure specifically informed members that any excess assessment income over the Canyon Lake POA’s expenses as defined in the Internal Revenue Code (IRC) section 277, for the fiscal year 2020/21 shall be applied against the Canyon Lake POA’s member assessment in the fiscal year 2021/22, as provided by the IRS Revenue Ruling 70-604. The results for this measure were 1,103 in favor and 114 against.
No spam, notifications only about local news stories.
K9 Lew of the Murrieta Police Department has officially retired and is set to live out his days lounging by the pool with Corporal Bock and his family. Lew was
The California Department of Cannabis Control with the assistance of the Menifee Police Department on Wednesday seized 198 marijuana plants found in two makeshift greenhouses at a residence in the
Taco Tuesday nights are over but there is one more opportunity to gather as a community at the lodge to enjoy the lake, the ambiance of a summer sunset, and
The City of Menifee is seeking local artists of all ages interested in showcasing their artwork at the upcoming Art-A-Fair on September 16, from 5 to 8 p.m. at the
Canyon Lake Insider is an independent online news media platform that serves as a vital source of information for the Canyon Lake Community.
© 2022 Canyon Lake Insider. All rights reserved.