Overlook Landowners Assn.

Audit Draft Report - Section 1/5

Posted in: Evergreen Park Estates
  • Stock
  • cc9903
  • Respected Neighbor
  • USA
  • 27 Posts
  • Respect-O-Meter: Respected Neighbor
AUDIT REPORT FY2005 - FY2006
EVERGREEN PARK ESTATES HOMEOWNERS ASSOCIATION, INC.
Draft May 19, 2007


INTRODUCTION

The Bylaws of Evergreen Park Estates Homeowners Association, Inc. (Section 2.11, June 24, 2005) require an ?“audit of the books of the Treasurer at least one time each fiscal year.?” At the General Meeting of the HOA on February 6, 2007, CeeCee Mullen and Greg Scott were elected Auditors for fiscal years 2005 and 2006. This report contains the preliminary results and recommendations of that Audit, pending receipt of additional records. Upon review of the additional records, the recommendations, herein, are not expected to change.

Due to a change in the Bylaws on June 24, 2005, FY2005 extended from June 1, 2004 through May 31, 2005, and FY2006 extended from June 1, 2005 through December 31, 2006. The Audit focused on two primary areas: financial statements and accounting procedures and Bylaws compliance.

The context of any audit can tend toward the negative (it would be unwieldy to report everything that was done correctly). Respecting that the Officers are volunteers, the focus is to use the issues discovered to provide constructive recommendations for future Boards. The implementation of these recommendations will provide for a more cost-effective and less vulnerable future administration of the HOA and guidance for future Officers.
Advertise Here!

Promote Your Business or Product for $10/mo

istockphoto_1682638-attention.jpg

For just $10/mo you can promote your business or product directly to nearby residents. Buy 12 months and save 50%!

Buynow