Financial Review
Country Club Villa Association, Inc.
for the period
January 1, 2024 through December 31, 2024
Purpose: To assure the membership that the financial records of the organization are accurate and complete, that they are maintained in accordance with the organizational documents, and to assist in protecting the continued financial viability of the organization.
Scope: Information presented here is based largely on a review of the materials furnished to the board and membership by GC Real Estate Partners (GCRE).
Disclaimer: Notwithstanding the stipulation in our By Laws that we engage a public accountant to conduct an annual audit, the board and membership have chosen not to do so because of the expense, and because we have engaged the accounting services of GC Real Estate Partners.
Observations: GC Real Estate Partners
1. Has assured the board for the time period described above, that they have kept a complete and accurate record of all of the association's accounts and corporate affairs, and in accordance with generally accepted accounting principles.
2. Has presented to the board information that reflects the financial affairs of the association, including reserves, a proposed budget for 2025, and a recommendation for dues for the coming year.
Conclusion: The board stipulates that based on the material furnished by GCRE, the financial activities of the organization appear to be timely, in accordance with the requirements of our By-Laws except as noted, and that their records appear accurate and complete.
Adopted by the Board of Directors of Country Club Villa Association, Inc. this 23rd day of December 2024.
Michael Noonan, President