Review of Financial Transactions


As required by the Constitution in Article IX, section 7, I have reviewed the financial transactions and processes of the Association and have determined that: a) compensation and benefits are reasonable in that no compensation or financial benefits have been made b) all partnerships, joint ventures, and arrangements with management organizations do conform to the Association's written policies, are propertly recorded, do reflect reasonable investment or payments for goods and services, do further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.