Ray a Master Home Association Inc

“During 2025 the officers & the new gaming manager became aware of a shortage of gaming revenues that occurred during 2024, when closing out the books & records for 2024. The loss was estimated to be 50,391 and is reported in the statement of functional expenses - line 24a. When this was discovered the officers & the new gaming manager instituted the following procedures to ensure that all revenues and expenses would be properly accounted for. 1 require 2 people to handle and count cash. 2 make timely deposits. 3 reconcile bank accounts monthly. 4 maintain quickbooks in a timely manner. 5 separation of bar activities from finance activities. 6 gaming manager opens and counts pull tabs. 7 gaming manager gathers skills money for 2 person count. 8 reconcile jartrek program reports. 9 set amounts for the loan and change drawers. The above procedures have been applied and followed on a routine basis. They are also reviewed on a time to time basis to determine their effectiveness and to look for any additional improvements to them.”

“The legion is a membership organization. Membership is described in the legion's by-laws which are available upon request.”

“The legion has periodic elections that all qualified members of the legion can participate in.”

“Certain decisions of the governing board are subject to general membership approval - such as the purchase or sale of real estate.”

“The officers & trustees are provided the opportunity to review a copy of the form 990 prior to issuance. After review of the form it is signed and forwarded to the irs.”

“Board determines compensation of the manager and conducts annual review of performance and compensation”

“No officers or board members of the organization receive compensation.”

“Governing documents and forms 990 are provided upon request.”