One of the primary objectives of the Park Association is to maintain transparency with donor contributions and the portfolio funded by the sale of the adjacent lots. This past year the board decided to perform a proactive audit to ensure proper practices were being followed and all transactions are properly recorded. The audit of the association’s financial records was conducted by an independent committee consisting of Dan Smith (5417 Springfield Drive) and Patti Manning (5304 Clemson Court) and was concluded on June 12, 2018. The audit covered the period 2016 to June 12, 2018. Dan Smith has previously served as association treasurer. Ms. Manning has accounting expertise, graduating from NC State majoring in accounting.
The audit involved both accounting processes utilized and accuracy of financial records, including documentation. No errors we found in the audit and the report was reviewed by the association board on August 18. A copy of the signed audit report is available [here].
