The Board of Directors will prepare or cause to be prepared an annual
financial statement consisting of a balance sheet and income and
expense statement setting forth the financial condition of the
Association as of the end of each year. The report will be prepared
according to generally accepted accounting principles and will be
distributed to all owners within 90 days after the end of each fiscal
year. At any time and at his or her own expense, any owner or
Mortgagee may cause an audit or inspection to be made of the books
and records of the Association.
Back to basics! How about monthly statements available online? How about a Comprehensive Reserve Study with an Annual Maintenance Plan? How about an estimate for what the assessment will be for when it comes time to replace our roads? I asked for an audit using an attorney, justifying my need. Good Luck!
Vote No as Written