After a year of upheaval, Ivan the new treasurer managed to get his work audited by Ernie Gere. In addition to the audit, Ernie also helped us by explaining how he went about it. Ivan distributed Ernie's report at the board meeting in January 2014. "At the request of...
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SPVCA internal audit 9/2000
December 2, 2000
Stu Dornblaser and John Underwood audited the SPVCA treasury books for fiscal period ending 9/30/2000. They made minor adjustments and recommendations, and reported their findings to President Dick Thomas on 12/2/2000.
Again, we express our appreciation to Ron Horst and the other who have been involved in recording the financial affairs. The source notebooks were found to be complete and the distribution to the various income and expense accounts was found to be accurate. The only exception to this has been noted in previous reviews and that is that we feel the president of the Association should review and initial the disbursement documentation.
We made several entries to adjust the books of the organization in order to prepare the statements. These entries were to record five checks not recorded, to record the interest income in the savings account, to book charges from the bank for checking account expense and to reflect various other minor corrections. It appears that an adjustment to the running cash balance is also needed. We will work with the new Treasurer to record the correct balance at September 30, 2000.
We feel the bank account should be reconciled on a monthly basis and any corrections revealed by this procedure booked in the earliest feasible accounting period.
A listing of insurance policies is attached to the financial statements. There is still a need for the Association to document Association assets by video or Polaroid in case of a disaster.
Either of us will be glad to discuss any aspect of this report with you at your convenience.
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