Wallenpaupack Lake Estates Property Owne

“Property owners in wallenpaupack lake estates are members of the association. Members share all common areas, such as, but not limited to, roads, buildings, rights of way, land, and parking and access areas.”

“Members in good standing can nominate candidates of their choice to serve on the board of directors. Nominees are elected based on the majority of ballots cast for each candidate by an absentee ballot or at the annual meeting.”

“Increases in annual assessments in excess of 10% require approval of members. If a special assessment is necessary the members of the association have to approve it. The association customarily has provided members with the chance to vote on major construction projects to determine whether and how to proceed with the projects.”

“Chairpersons of each committee provide written reports to the board of directors that include the projects they are working on and recommendations for the board. Committee members do not have authority to act on behalf of the governing body or assocation.”

“The form 990 is reviewed by the board of directors and general manager before it is filed.”

“The board of directors are required to disclose a conflict of interest for business, contracts, or any other transaction prior to the time the board is presented with the business, contract, or transactions for consideration.”

“The association's form 1024 and form 990's are available to the public upon request. The form 990's are also available on the internet.”

“The association's governing documents, conflict of interest, and financial statements are available to the public upon written request.”

“No change in oversight or responsibility of financial statements or selection of an independent accountant. The board of directors and general manager are responsible for the finanical statements and selection of an independent accountant.”