southpark homeowners' association number 2 ... - Southpark HOA II

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SOUTHPARK HOMEOWNERS' ASSOCIATION NUMBER 2NOTES TO FINANCIAL STATEMENTSDECEMBER 31, 2008NOTE 7. CONTINGENCIESThe Association is a party to various legal actions normally associated with homeowners<strong>association</strong>s, such as the collection of delinquent assessments and covenant compliancematters, the aggregate effect of which, in management’s opinion, would not be materialto the future financial condition of the Association.9
Independent Accountant's Reporton Supplementary InformationBoard of Directors and Members<strong>Southpark</strong> Homeowners' Association Number 2Arapahoe County, ColoradoThe supplementary information on Future Major Repairs and Replacements on pages 11and 12 is not a required part of the basic financial statements but is supplementaryinformation required by the American Institute of Certified Public Accountants. We haveapplied certain limited procedures, which consisted principally of inquiries ofmanagement regarding the methods of measurement and presentation of thesupplementary information. However, we did not audit the information and express noopinion on it.Omeron and Associates, P.C.January 23, 200910
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