ࡱ> 9;8 @ bjbj5*5*  W@W@ $ w2 $R  1fff^  fff:,F [l : G0wR((FF  Nf   P Fiscal 2006 Audit Report for OVLR - Summary Dated: January 22, 2006 As auditor of the 2006 books, I can report that all accounts and transactions are in good order. The Treasurer is once again to be commended for his accuracy in records and ability to maintain full traceability. It should also be noted that recommendations made during the audit of FY2005 were implemented and followed in FY2006. In total, one observation was made to the 2006 and 2007 OVLR executive. While not strictly an issue of financial audit, they were noted in passing and worthy of mention. Specifically: There were some member applications not signed by the applicant. The executive should decide whether this opens the club, its executives, or its members to potential litigation. The auditor confirms a net positive cash flow for the club of $1276.60 and a final asset balance of $8422.40. Once again it is recommended that the FY07 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 2006 for OVLR Summary of accounts: Opening Balances: Chequing: $1264.92 Opening Balance Investment: $6000.00 Assets: $809.38 Receivables: $240.00 Payables: $(1168.50) Total: $ 7145.80 Closing Balance: Chequing $2149.94 Investment: $6109.03 Assets: $ 809.38 Receivables: $130.00 Payables: $(775.95) Total: $8422.40 Net cash flow: $1276.60 Known Receivables: All receivables have actually had cheques received in FY06 but not cashed in FY06 Known Payables: All Payables are outstanding cheques not yet cashed. Assets on hand (supplied): Equipment $809.38 (carried over from FY05 still accurate?) Inventory $ 0.00? (should be reviewed; FY03 exited with $200; FY04 expects it is $0 but not confirmed)  $+,-4;<=DFM\ ; H I   7 ; B a g i ǿǿǧǧǧǧǧǿǿyqihi5CJaJh}gCJaJh}gh}gCJaJh=oh=oCJaJh"=CJaJht)CJaJhoCJaJh=oCJaJhCJaJh.CJaJh:CJaJh{~CJaJh !zCJaJh.h=o>*CJaJh.>*CJaJh{~>*CJaJh:>*CJaJ),-EF I j k 7 8  gd gdD & Fgd:$a$i j k w z 7 8    . 0 3 5 6 F I W ` b c k ºwne\h 5CJaJhY>*CJaJh$e>*CJaJh >*CJaJhkEUh CJaJhYCJaJh'CJaJh$eCJaJh CJaJh 5>*CJaJh h}gCJaJhi5CJaJhDCJaJhoCJaJhCJaJh{~CJaJhi55B*CJaJphh=oCJaJ  % 6 M c u v  !"5(j^gd`gd gdYgd k l m q r s t u Ⱥֱxof]Oh}g5B*CJaJphhH5CJaJh >*CJaJh$e>*CJaJhY>*CJaJhCJaJht)CJaJhHRCJaJh$eCJaJhYCJaJh CJaJh 5CJaJhY5B*CJaJphh 5B*CJaJphh$e5B*CJaJphhkEUh B*ph hkEUh 5B*CJaJph !5'(8=ӶӛӓӓӓӇh.h h$eCJaJhCJaJhYB*CJaJphhDh B*CJaJphh}gB*CJaJphh}g5CJaJhHCJaJh CJaJh 5CJaJhY5B*CJaJphh}g5B*CJaJphjgd / ^/ `gd/ =!"#$%8@8 Normal_HmH sH tH L@L Heading 1$@&^`CJaJP@P Heading 2$@&^56CJ\]aJDAD Default Paragraph FontViV  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^`CJaJ ,-EFIjk78%6Mcuv !"5(j000000x0 00000000000000000x00000000000000000000000 0000 00x00i k   j  8@0(  B S  ?! )L )Q )OO )TP )P )P! )TP" )P# ),O$ )P% )& ) Q' )Q( )) ) Q* )P+ )TP, )P- ). )Q/ )9O0 )ԿP1 )=2 )LQ3 )Q4 )TP5 )TP6 )7 )P8 )Q9 )Q: )LQ; ) Q4L Jy $      DM Kz %  >!*urn:schemas-microsoft-com:office:smarttags PersonName8*urn:schemas-microsoft-com:office:smarttagsdate 1200622DayMonthYear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:BCFGHW^'?E3333:B  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&HJ9LkEU$e}go$iy !zB{{~HR=o.&;; ncl't):i5S M@P@UnknownGz Times New Roman5Symbol3& z Arial;Wingdings?5 z Courier New"1hUZ&UZ&!t !t !24d 3QH?n/Fiscal 2003 Audit Report for OVLR - PreliminaryChristian SzpilfogelChristian Szpilfogel  Oh+'0|  8 D P\dltChristian Szpilfogel Normal.dotChristian Szpilfogel2Microsoft Word 10.0@F#@(Sl@(Sl!t"Fiscal 2006 Audit Report for OVLR՜.+,0$ hp  Mitel Networks  0Fiscal 2003 Audit Report for OVLR - Preliminary Title  !"#$%&'1234567:=Root Entry F+onl<Data 1TableWordDocument SummaryInformation(DocumentSummaryInformation80CompObjj   FMicrosoft Word Document MSWordDocWord.Document.89qOh+'0|  8 D P\dltChristian Szpilfogel Normal.dotChristian Szpilfogel2Microsoft Word 10.0@F#@(Sl@(Sl!t"Fiscal 2006 Audit Report for OVLR