One of the most important responsibilities of the board is to manage the association’s funds; your money. The board takes this responsibility seriously.

We protect your funds by insisting on the following:

• Association financial records are audited annually by a certified public accountant.

• Bank statements are reconciled promptly each meeting.

• The balance sheet and profit and loss statement are reviewed each meeting, and expenses are compared to the budget each meeting.

• The association has a collection policy that safeguards cash flow.

• All association volunteers and personnel who have access to association funds are bonded.

• Kickbacks are prohibited and any possible conflict of interest must be disclosed.