Every year the financial statements of the Kenthill Townhomes Homeowners Association are audited by a Certified Public Accountant. This audit is then addressed and presented to the Board of Directors and Members and to the Kenthill Townhomes Condominium Association. Throughout the years, different CPA’s have been used for this task.
The March 25, 2002 Independent Auditors Report, page 8, item 6 contains the following paragraph:
“Special Assessments”
“The Association has approved a special assessment in the amount of $65,000 to be assessed over 12 months starting January, 2001. The funds are to be used for painting and repairs to the buildings.”
