New Territory Rca

“The Association has 4,606 residential property owners within the designated New Territory area and each is a member of the Association with equal voting rights.”

“The Board of Directors is voted into office by the membership.”

“Minutes are taken and maintained for each Board of Director meeting and Annual member meetings.”

“Minutes are taken and maintained for meetings of any committee designated by the Board of Directors.”

“Form 990 is reviewed by the Treasurer and Board of Directors for approval prior to submission.”

“Possible conflicts of interest are reviewed at Board of Director meetings at time of disclosure and are updated annually with current status.”

“Governing documents , conflict of interest policy and financial statements are available on the Associations website.”

“The Board of Directors oversees the audit and the hiring of auditors. Board of directors review the financials at monthly meetings.”

“Other Program expensesBad debt $ 8,439Community and committee 3,025Common area maintenance 136,251Security 311,990Common area lights 47,218Taxes 6,443Utilities 75,834Community center expenses 160,879----------------------------------- $750,079 ----------------------------------”

“Form 990 page 5 line 2AAssociation uses an employee leasing firm (PEO) to employ and pay their workforce; thus 0 is noted as number of employeesThe manager is listed on page 7 line 1A and compensation is noted for the schedule. Manager payments, payroll taxes and related expenses are reported on page 10 line 24(d).”

“Form 990 page 10, line 24(d)The Association uses an employee leasing firm (PEO) to employ and pay their workforce. Payroll tax filings are reported under the EIN of the employee leasing firm. The manager salary for the Association is reported on page 7 line 1A number 8. Wages, payroll taxes and employee related expenses have been reported on page 10 line 24(d).”

“Treasurer primarily responsible for these functions subject to Board of Directors oversight and approval.”