2023-2024 Financial Review Completed

We engaged Reginald Sherman, CPA to perform the financial review for the period January 1, 2023 through December 31, 2024.  Attached are his report and findings.  In the past, we have received some improvement recommendations from the persons completing the reviews.  Reginald did not have such recommendations; however, we have identified areas in our financial record-keeping that could be improved to facilitate future reviews.  

This year we developed a template for all of the required items for the Motion section for expense FMs, including $ amounts, account #s, and who is being paid for what.  This will help to ensure all information is included in the motions, streamlining the financial review process.  ABI also purchases its own subscriptions for certain services for ease and continuity purposes when the board changes members.  Sometimes, subscription renewal rates increase and go unnoticed until the ABI credit card is charged.  It was determined that subscription changes/increases should be brought to the Board for approval before the new payments go into effect.

If you have any questions, please contact us via email.

Thank you, 
Your ABI Board