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Treasurer reports $287,000 in accounts, $616,000 receivable and $147,000 write-off
Summary
Treasurer Janice Tucker told the board the association has $287,000 across accounts, $616,000 in accounts receivable and that $147,000 of receivables is being written off; she proposed hiring an accountant to improve office efficiency.
At the July 10 meeting Treasurer Janice Tucker reported the association holds $287,000 in total across its accounts and has $616,000 in accounts receivable, of which $147,000 is listed as a write-off. Tucker said she is developing office policies and procedures to improve efficiency and suggested placing an accountant in the office to strengthen financial management.
The figures formed part of the Treasurer’s Report and were presented as specific items for board consideration. The board did not take an immediate vote on hiring outside accounting services during the meeting; the Audit Prep Working Group discussed a related proposal (see separate summary).
