May 28th, 2010
Treasurer’s Report
I thank my fellow board members for the trust and confidence they have shown by electing me as treasurer. It took me until May 11, 2010 to share their confidence and determine that I can execute the responsibilities of the position. My commitment to the LWW community is to provide assurances that systems and controls are in place to determine the position and accuracy of revenue and expenses reports of HOA operations; as provided through contract services of our auditing and management companies.
My goals for this year are to:
a) establish written internal control practices and procedures to support assurances that financial reports and statements accurately reflect status of revenue and expenses and financial position of the Association;
b) establish a five year pro-active plan to help us focus on how to improve and develop our community, and the related costs;
c) review our requests for services and the related service agreement contracts to determine we are getting what we asked for and what we need.
Thanks to Ms. Terri Bennett for responding to our request for a finance committee chairperson. Her leadership and your volunteer support will provide improved administrative management systems, which we need to decide on what, where, when and how to improve this community.
Secondary to getting the finance committee working, but just as important, is determining all authorized signature lists that need to be updated to reflect current officials of the Association that can sign. There are bank signature cards and other State required documents in this category. There is lots of work to be done, but I am optimistic that the team of contractors, leadership and volunteers will provide the success we want and need.
WE ESPECIALLY NEED HELP FROM THOSE HAVING EXPERIENCE IN PROCUREMENT AND CONTRACTING, FINANCIAL AND PROGRAM AUDITING. LEAVE YOUR CONTACT INFORMATION AT THE FRONT OFFICE, THANKS FOR ALL YOU DO FOR OUR COMMUNITY.
