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Saturday, January 23, 2016

RESIDENT WRITES THE BOARD ABOUT MORE ERRORS IN OUR WPA FINANCIAL REPORTS


The following, is a letter to the board, that has been provided to The Wedgefield Examiner.  As always, I have removed the resident's name.



WPA Office <wedgeassoc.com@frontier.com>
Subject:December 2016 financial report error
Priority:NormalDate:Thursday, January 21, 2016 9:08 AMSize:5 KB
Kim, please provide a copy of this email to each Board member and the WPA correspondence file
I have complained about the accuracy of the financial data in the reports dispersed at the 
monthly Board meetings before, but the January handout takes the cake! 
Assuming it is completely sincere, and following the Board hiring an "Accounting person" to review
 such published reports for errors (among other duties), before circulating such reports to our 
membership, please refer to the YTD data item for the chart of accounts item entitled "40050 
Current Year Assessments" on the Profit and Budget Performance report.
The published value $293,070.00" which is over budget by $5,070.00, appears "faulty" especially 
since the "budgeted" value ($288,000.00 = $500 x 576) applies to all WPA single family lots and 
condo units.
We did have financial circumstances that prevented the WPA from achieving the "budgeted value"?, 
yes or no we.
Can you confirm this error?
Sincerely,







 BOARD RESPONSE
Sent: Friday, January 22, 2016 9:53 AM
To:
Subject: Fw: December 2016 financial report error
Resident Name
    The difference you noted in the  assessments received for 2015 was due to an error in 
posting of the 2016 assessments received in 2015 after the assessment notices were sent.  
Numerous residents sent in their 2016 assessments promptly and were posted to the 
December assessments.
    The accountant has been made aware of the situation and it will be corrected.
Respectfully,
Al DeMarchi

RESIDENT RESPONSE:

Alan DeMarchi 
Subject:Re: December 2016 financial report error
Priority:NormalDate:Saturday, January 23, 2016 8:45 AMSize:20 KB
I presume that a “corrected version” of the subject financial 
report will be circulated to the WPA 
membership at our next Board monthly meeting?
If not, why not.
Resident Name
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