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 9/2012
2012 marked the end of an era for SPVCA. At the board meeting on December 1, 2012, the new Treasurer Ivan said he would ask Stu and John U. if they would perform their usual internal financial audit for the Association. The following month, they had a date set. "Ivan...
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Stu and John U. audited the SPVCA treasury books for fiscal year 2010. They delivered their report to President Rich Friscino on 12/1/2010.
SPVCA internal audit 9/2008
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SPVCA no internal audit 2004
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SPVCA internal audit 9/2003
Stu Dornblaser and John Underwood audited the SPVCA treasury books. They made strong recommendations for better control of funds.
SPVCA internal audit 9/2001
Stu Dornblaser and John Underwood audited the SPVCA treasury books for fiscal period ending 9/30/2001. They recommended increased documentation, and reported their findings to Ron Horst on 12/1/2001.
SPVCA internal audit 9/2000
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 Dick Thomas on 12/2/2000.
SPVCA internal audit 6/2000
Stu Dornblaser and John Underwood audited the SPVCA treasury books. They had to make a few adjustments because the bank accounts were not reconciled monthly.
SPVA internal audit 7/1982
Wow. What a big year for SPVA. Milo conducted his same audit, with his same cover letter, which was again broadcast to the members in the Association's newsletter. This year, the club brought in and spent a whopping $46,000! Also this year, Milo was the top principle...
SPVA internal audit 5/1981
I'm going to assume Milo conducted his same annual audit and delivered it with his standard form letter which he tweaked the previous year. Inna said it was attached to the July newsletter, but I couldn't find it in my scans. Maybe it's in the filing cabinet. Here is...
SPVA internal audit 5/1980
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SPVA internal audit 5/1979
Milo once again audited SPVA's books for free. Once again, he submitted the financial statement with his same old form letter on James and Harris CPA letterhead. The Association had brought in and spent $9,800 and had $3,800 left in their two accounts at Atlantic...
SPVA internal audit 5/1978
SPVA member Milo again audited the Association's books for free. He delivered the report with his same old cover letter on his company's letterhead on 7/27/1978. The Association had brought in and spent $6,000. They were left with $3,800 in two accounts at Atlantic...
SPVA internal audit 5/1977
SPVA’s books were professionally audited by James and Harris Certified Public Accountants. Their format set the precedent for all internal audits thereafter.
SPVA internal audit 5/1976
On June 15, 1976, SPVA's books were audited by James and Harris C.P.A. firm. They provided the Association with a Statement of Cash Receipts and Disbursements, along with their standard form cover letter: We have examined the statement of cash receipts and...
SPVA internal audit 5/1975
In 1975, Milo Johnson repeated his favor of auditing the SPVA's treasury books. This year was more exciting than the last. This year, the Association had garnered almost $10,000 for a Fire Protection Fund. They spent $2,500 on a used fire engine. The club dues brought...
SPVA internal audit 5/1974
In the September, 1974 newsletter, Inna thanked Milo Johnson, CPA for again auditing the SPVA's books. He had provided the Association with a Statement of Cash Receipts and Disbursements, along with a cover letter on letterhead from James and Harris CPA firm, signed...
SPVA’s first internal audit 5/1973
After wrangling $10 dues and occasional donations out of their members, the new SPVA board did their best to provide fiscal transparency. Luckily, one of those $10 members was a professional accountant. Milo Johnson conducted a formal audit of the Association's books,...
SPVCA internal audit 9/2002
November 2, 2002
Stu Dornblaser and John Underwood audited the SPVCA treasury books. They created receivables for unpaid County reimbursements, and recommended photographing insured assets. John agreed to handle the tax return. They delivered their report to President Ron Horst on 11/2/2002.
The audit committee consists of John Underwood and myself. I take responsibility for the review of the financials and he has generously agreed to again file the tax returns for the organization. I reviewed the bank statements and the documentation of the receipts and disbursements and I feel the statements fairly reflect the position of the Association at September 30 of each year and fairly reflect the receipts and disbursements for the years then ended.
We want to express our appreciation to Bill Malcolm for doing an excellent job of maintaining the books and records and recording them in the computer. There is no audit adjustment to the cash balance and only a few minor adjustments to classifications. There was no audit adjustment which would have been detected by bank reconciliations. This is improved over prior years.
The President diligently approved all disbursements up through March (again). It would be better to continue the practice for the entire year, of course. However, the general state of the documentation was outstanding, with only a few missing receipts.
I established a receivable for amounts due from the County to reimburse the Association for training. Even though the books are on the cash basis, I felt this entry was necessary to reflect fairly the expenses of 2002 and 2003. There is included on page two of the Statements a new footnote which restates the annual results by reflecting the
dues receipts in the year to which they apply.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 camera in case of a disaster.
Thank you for the opportunity to review the records. Please don’t hesitate to call on either of us if you have questions.
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