Common use of The Board must Give out Financial Statements Clause in Contracts

The Board must Give out Financial Statements. The Board must give the Owner a copy of the Budget, Supplemental Budget and the Association’s financial statements. The Association’s financial statements must be sent to each Owner at least thirty (30) days before the annual meeting of the Association. The Budget for the next calendar year must be sent out to each Owner as soon as reasonably possible. The Association’s financial statements must be prepared in accordance with generally accepted accounting principles by an independent accountant. If required by the Board, the Association’s financial statements must be audited. Full and adequate books and registers reflecting the results of operations of the Property must be kept and maintained. The Association’s financial statements must contain: (a) a balance sheet showing the assets, liabilities and net worth; (b) an operating (income) statement; (c) a cash flow statement.

The Board must Give out Financial Statements. The Board must give the Owner a copy of the Budget, Supplemental Budget and the Association’s financial statements. The Association’s financial statements must be sent to each Owner at least thirty (30) days before the annual meeting of the Association. The Budget for the next calendar year must be sent out to each Owner as soon as reasonably possible. The Association’s financial statements must be prepared in accordance with generally accepted accounting principles by an independent accountant. If required by the Board, the Association’s financial statements must be audited. Full and adequate books and registers reflecting the results of operations of the Property must be kept and maintained. The Association’s financial statements must contain: (a) a balance sheet showing the assets, liabilities and net worth; (b) an operating (income) statement; (c) a cash flow statement; and (d) a list of the names, mailing addresses and telephone numbers of the Board.

The Board must Give out Financial Statements. The Board must give the Owner a copy of the Budget, Supplemental Budget and the Association’s financial statements. The Association’s financial statements must be sent to each Owner at least thirty ten (3010) days before the annual meeting of the Association. The Budget for the next calendar year must be sent out to each Owner as soon as reasonably possible. The Association’s financial statements must be prepared in accordance with generally accepted accounting principles by an independent accountant. If required by the Board, the Association’s financial statements must be audited. Full and adequate books and registers reflecting the results of operations of the Property must be kept and maintained. The Association’s financial statements must contain: (a) a balance sheet showing the assets, liabilities and net worth; (b) an operating (income) statement; (c) a cash flow statement.