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Condominium Act, the Declaration and the By-
Laws; issue statements of account to members,
their m4rtqaqees and lienors, without liability .
for errors unless as a result of qross negli-
- gence; and prepare and mail notices of ineetings
of the board:of directors and of the members.
Al1 records of the Association shall be kept
at the office of Manager and shall be available
for inspection at all reasonable times by the
officers and directors of the Association.
Manager shall render to the Association a state- ~
ment of its receipts and accounts for each
calendar year no later than three (3) months
after the close of such year. In conjunction
with the accountant for the Association,
Manager shall arrange for an annual audit of
the books of account of the Association. The
Association shall have the riqht to an external, '
; independent audit provided the cost of the same
~ - and employment of such auditor be by the
~ .
~ Asspciation disectly and not through Manaqer.
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Such audit shall be at the office of Manager.
(h )~Iar?ager' s records . Maintain records suf f icient
to describe its services hereunder and such
financial books and records sufficient and in
accordance with prevailing accounting standards
to identify the sowcce of all funds collected
by it in its capacity as Manager and the zl.is-
m - -
~ bursement thereof. Such records shall be kept
~ at the office of Manager and shall be available
~
for inspection by the Association's directors
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~oo~ 2~32 ~Fi224
NEILI dRIrrIN JEFFRIES L LLOYO
- CMARTERED _
P. O~ 60X ~270. FOR7 P~ERCE, FLORfDA 33~60 - TEIEPMONE (3051 464-82 00
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