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March Newsletter

March 26, 2009

Hello every one hope every one is having a wonderful spring.

I had a very educational meeting with our Bookkeeper in USA Shannon Viola.
We discussed the CC&R's , 1. transfer of property,2. collection ,3.. account receivables,
4. bank accounts.

1. The following articles in the CC&Rs will be immediately in effect if you become Owner/shareholder at Las Palmas
6.14 Reserve Fund. (Fondos de Reserva) collection of US $600.00
6.15 Transfer Fee (Cuota por Traspaso) Collection of US $200.00

2. Shannon has been following our CC&Rs
Article 6.10.1 and article 6.10.2. 6.10 Effect of Nonpayment of Assessments; Remedies of the Association (Efectos de incumplimiento para las Cuotas no pagadas; Remedios de la Sociedad.)
also LAS PALMAS COMMUNITY ASSOCIATION RULES
in the back of the CC&R's Finance section it clearly give us Collection rules
1st day, 15Th of month and 30Th day of following month.

3.Shannon and I visited our Bank and we are currently working to find out what it would cost our HOA to accept credit card payments in the future.. will give you an update a soon as I get the information.

4.I will also receive copy of all our bank transactions and statements every month.

I will be meeting with our Bookkeeper in Puerto Penasco in April and I am doing a invoice by invoice audit of our last years books from Jan 1st till 30Th of June 2008.
this way I have something to compare to this years invoices and current spending in our Community.

till next time sincerely Jaana Ponzio