Cohousing-L Mailing List: Re: Annual audit ? Bookkeeping? Reserve studies?

[Sharon Villines (sharon]

On 22 Dec 2011, at 7:47 PM, Sharon Villines wrote:

> The annual financial update, I think is in the range of $300-500. They just 
> run the numbers in their computer and print out a report. 

We haven't always done the financial updates because we may not have spent any 
capital (replacement) reserve funds or had any emergency replacements. One year 
we raised our reserve deposits significantly so the next year there was no 
reason to do the recalculations because we knew we weren't going to raise the 
amounts again.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org