It is unfortunate that the board members, and Keystone, will do nothing.  The accountant, I also suspect will also do nothing except state that all we do is provide "reasonable assurance" and not absolute certainity, about the statements being fairly presented.  The Board will hide behind this.  Perhaps if you pay him for the 30 to 40 hours of work it will take to complete the reconciliations, he may do it.  I do have another idea.  Do not ask the accountant to do it.  Tell Keystone to do it.  They keep the books and the books should reconcile.  The Board, however,  will not allow it because they will not understand the numbers and do not want to take the time to understand them and to fix them.  They are too busy planning the fourth of July Carnival and recruiting anyone for the swim team.  I would make a motion at the next meeting that Keystone reconcile the numbers.  I would also look for another  accountant.

Marina Hills Resident

Thank you for letting the homeowners know about the financial matters of the community. I wish I knew more about accounting but I don't so I am very happy to have you on the board. I think Vito has to go. He has been
on the board for to long and to many weird things has happened in the past. If Keystone overcharged us they should be held accountable and pay back the money with interest. Stay on top of things and you have our support.

Marina Hills Resident

Very interesting. I have not checked the CR & Rs yet, but is there a provision for a second party independent audit? Under the circumstances, existing reporting schemes seem askew, providing your math is correct. In engineering we say "trust, but verify" or "in God we trust, all others bring data". On the surface the accounting discrepancies are not earth shattering, however, the contractual violations are unacceptable. It appears an independent auditor would more than pay for itself on recovered losses alone.

Marina Hills Resident

Thank you for your message and your commitment to "keeping them honest."

Marina Hills Resident

Sorry we had to go through Accounting 101 on this matter at such a late date. I would suggest, as I have previously, that from here on out the board deal with issues in a timely manner, particularly as it relates to items that arise from a lack of knowledge.
I would also state to my fellow board members that the characterizations, insinuations etc in the letter from Mr. Strupat dated April 24, 2007 were inappropriate, particularly so in light of the response we have received. I mentioned in a previous message my displeasure with this letter and the naivete it demonstrated, which in turn lead to erroneous assumptions and, in turn, improper insinuations. I would like to suggest that Mr. Strupat offer an apology to the board and to management for the last minute nature of his requests and the improper tone and insinuations which were made and have been shown to be “misplaced” at best.

Fellow Board Member