ࡱ> =?<@ Jbjbj "uuJ    $4 2\ \ \ \ \ \ \ \ WYYYYYY$ R\!}\ \ }\ \ :\ \ WW:,\ P 0?O0 .3 D0=R4"G^4"4"\ R&Dju\ \ \ }}$   Fiscal 2005 Audit Report for OVLR - Summary Dated: February 12, 2006 As auditor of the 2005 books, I can report that all accounts and transactions are in good order. The Treasurer should be commended for his accuracy in records and ability to maintain full traceability. In total, two observations were made to the 2005 and 2006 OVLR executive. Specifically: Five refunds of $25 were made to early registrants to the OVLR Birthday party. One of the recipients was a member of the OVLR executive. The meeting had three executive members present and was recorded. However, it was not properly recorded that the executive with the conflict of interest did abstain from the vote. During the OVLR Birthday party, three cash payments were made for services rendered. While the payments were properly recorded in the books, there was no paper trail (invoice, receipt, or cheque). It is recommended in future that a traceable transaction occur. The auditor confirms a net negative cash flow for the club of ($1964.58) and a final asset balance of $7145.80. It is recommended that the FY05 executive undertake to review the asset value of the trailer and equipment. It is further recommended that the executive confirm the value of inventory on hand. Details of the audit are available from the executive or the auditor upon request. Signed, Christian Szpilfogel Auditor 2005 for OVLR Summary of accounts: Opening Balances: Chequing: $1409.00 Opening Balance Investment: $6000.00 Assets: $809.38 Advances $1000.00 Receivables: $392.00 Payables: $(500.00) Total: $ 9110.38 Closing Balance: Chequing $1264.92 Investment: $6000.00 Assets: $ 809.38 Advances $0.00 Receivables: $240.00 Payables: $(1168.50) Total: $7145.80 Net cash flow: ($1964.58) Known Receivables: The Advance was repaid in year. The remaining Receivables were two items noted by the Treasurer. Known Payables: All Payables are outstanding cheques not yet cashed. Assets on hand (supplied): Equipment $809.38 Inventory $ 0.00? (should be reviewed; FY03 exited with $200; FY04 expects it is $0 but not confirmed)  $+,-4=>EG]  " ) K [ i j 4     иииРиzldhCJaJhi55B*CJaJphhi5CJaJhi5hi5CJaJh=oh=oCJaJhHCJaJh'CJaJht)CJaJhoCJaJh=oCJaJhCJaJh.CJaJh:CJaJh !zCJaJh.h=o>*CJaJh.>*CJaJh:>*CJaJ&,-FG  j   3 4 < = > S i j k gd gdD & Fgd:$a$J 4 S _ j k l $%&)+-.@Fɹwl^P^ɹh 5B*CJaJphhY5B*CJaJphhkEUh B*ph hkEUh 5B*CJaJphh 5CJaJhY>*CJaJhYh CJaJh >*CJaJhkEUh CJaJhYCJaJh'CJaJh CJaJh 5>*CJaJh h=oCJaJhi5CJaJhoCJaJhDCJaJ ./@Tkijz`gd gdYgd FRSbdkhiĻ販|tk_PhDh B*CJaJphhYB*CJaJphhHR5CJaJhHCJaJhY5B*CJaJphhHR5B*CJaJph hkEUh 5B*CJaJphhH5CJaJh 5CJaJh >*CJaJhY>*CJaJhDh CJaJhCJaJht)CJaJh CJaJhYCJaJhHRCJaJizGHIJh.h hCJaJhDh B*CJaJphhYB*CJaJphh CJaJ HIJgd / ^/ `gd^gd/ =!"#$%8@8 Normal_HmH sH tH L@L Heading 1$@&^`CJaJP@P Heading 2$@&^56CJ\]aJDA@D Default Paragraph FontVi@V  Table Normal :V 44 la (k@(No List XC@X Body Text Indent ^56CJ\]aJXR@X Body Text Indent 2v^v`CJaJXS@X Body Text Indent 3^`CJaJJ",-FGj34<=>Sijk./@TkijzHIL000000x0 00 00x000000000000000x00000000000000000000000000 000000x00 FiJ  J J H3[#4[#,5[#6[#v!7[#|[8[#g9[#ܽ:[# ;[#T <[# =[#\!>[#!?[#ܒ!@[#!A[#B[#C[#lD[#,E[#hF[#gG[#gH[#TgI[#J[#!K[#L[#M[#܄!N[#O[#!P[#"Q[#D"R[#"S[#|T[#<U[#V[#D]W[#]X[#\Y[#$Z[#[[#\[#][#^[#4^_[#`[#Da[#Tb[#<c[#d[#$"e[#f[# g[# h[# i[#T j[#k[#l[#4m[#tn[#o[#p[#4q[#Dr[#s[#ęt[#u[#Dv[#w[#Ěx[#y[#Dz[#4M  (W`bk>jo|&JNR[o~!DXv>VE02:KL      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGEN  )Xacl?kp}'KOS\p"EYwRWF 13;LL  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFG8F*urn:schemas-microsoft-com:office:smarttagsdate>H*urn:schemas-microsoft-com:office:smarttags PersonName 1222006DayMonthYearHHFHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHci@HLvL333\j4<Sl/@TLL  cdn~0y^`o() ^`hH. pLp^p`LhH. @ @ ^@ `hH. ^`hH. L^`LhH. ^`hH. ^`hH. PLP^P`LhH.h^`OJQJo(hHh^`OJQJ^Jo(hHohpp^p`OJQJo(hHh@ @ ^@ `OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHohPP^P`OJQJo(hH dn~                  Yjoc)i<Dn2FH&HkEUo !zB{HR=o.&;; ncl't):i5S-TkzL@HsOOJ0@UnknownGz Times New Roman5Symbol3& z Arial;Wingdings?5 z Courier New"qhcf<<!24FF 3QH(?n/Fiscal 2003 Audit Report for OVLR - PreliminaryChristian SzpilfogelChristian Szpilfogel  Oh+'0( HT p | 0Fiscal 2003 Audit Report for OVLR - PreliminaryiscChristian Szpilfogelorthrihri Normal.dotzChristian Szpilfogelort7riMicrosoft Word 10.0@?@w0@;M0<՜.+,0$ hp  Mitel NetworksFO 0Fiscal 2003 Audit Report for OVLR - Preliminary Title  !"#$%&'()*+-./012356789:;>Root Entry F kO0@Data 1TableH"WordDocument"SummaryInformation(,DocumentSummaryInformation84CompObjj  FMicrosoft Word Document MSWordDocWord.Document.89q