Post by Admin on Oct 15, 2016 7:44:44 GMT -5
62financials_sloa_for_period_ending_8.31.16.pdf (514.63 KB)
...ONLY $7527.87 in Legal Fees this month!!
...SLohA is only "out" $435 from its first quarter Assessments Collection. Wow! Amazing payment compliance by Owners! 
...Water Assessment collection is only $100 shy of budget (huh--it is $60/parcel). Good thing SLohA got that 20% increase in water fees! 
...I have no idea what's going on with the SBA loan. It should be paid off but the credits and debits just keep comin'!
...Administrative Expenses WAY over budget. Maybe one day the Treasurer would comment in the BOD Meeting Report on outrageous overages in the budget...
...$995.00--Another new Contract Services Line Item "Admin". I don't recall this in the proposed budget but maybe someone can look it up. It is showing as funded for $4500/yr.
...OMG!!! The Suntrust Credit Card charges are finally being identified with the Vendor name!! There are even some notations referencing the expense! This is why I "Never Say Never!"
...Looks like sumbuddy had their paws in the RESERVE Cookie Jar and the auditor made SLohA payback $18,204 from Operating to Reserves. (Year End Reserve Deficit per audit). However, I did not see any accounting for an offsetting credit to the RESERVES.