Last update: 2008 Sep 13. Click History for a list of changes and updates.
___The audit reports for 2007 are finally available. They should have been available and summarized in the notice of the annual meeting.
___The continuation of this post is a summary of the results reported. Roughly, the results for 2007 are about $100,000 worse than for 2006, which were unfavorable as have been prior years. The cash flow for 2007 was negative (meaning unsustainable).
___If my review of the the 2007 audit report is incorrect, or if you have concerns about the findings from the review, please post a comment.
Don Nordeen
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Click Continue for Post Continuation plus Comments.
- Key Words: Financial Information, 2007 General; MOA Operations, General/Total; accounting; financial statements; preservation fund; reserve fund
