Each month in addition to the monthly financial statements, my wife and I also receive PDF files containing invoices that were received by the Association by the end of the previous month that were excluded from State Parkway’s monthly financial statements.
This month the unrecorded March 2017 invoices, which my wife and I received from the Association today and totaled over $75K, are over 40 pages long and represents at least 20 vendors. At least one invoice, the one for the elevator maintenance contract, appears to be missing. In any event, some of these invoices are for Replacement Reserve Fund expenditures, some and for Operating Fund expenses, and some are for prepaid expenses.
Last, but not least, State Parkway’s monthly financial statements, as prepared by LMS, have yet to be reconciled with the 2016 Financial Review and include automatic 2017 reversing entries.