9-18-2004 Regional Treasury report.

After review of the minutes, bank statements and treasury records, I was unable to perfectly balance the books because they have not been balanced in a couple of years. Treasury records do not match the bank records and it would be unrealistic to attempt to recreate a complete ledger with the existing records and some bank statements are missing from last year. My suggestion is to start a brand new ledger that can be maintained properly.

The results of my audit are as follows:

1. Most deposits did not match donations from the minutes but were very close (off by under a dollar).

2. Deposits were not made promptly or consistently

3. Some deposits were made over a period of weeks when they should have been made at the same time.

4. There was a miscellaneous deposit for 235.00 made on 6/23/2004.

5. There were 3 unauthorized checks written for a total of $550.00. Check # 612 for $150.00, Check #615 for $300.00, Check #616 for $100.00. All were written to Donald Allen and all only had 1 signature.

Our current balance as of 8/30/2004 is $3,568.00

We have 1 old uncashed check outstanding from July 2003 for $5.00 from a rent payment.

I met with Brian from Charter one 3 times over the last 2 months. The bank account is back on track and proper signatures are in place. The current signors are myself, Cedrick and Jim L.

I filled out and signed a fraud affidavit reguarding the stolen money as required by Charter One in order to get the funds replaced. I requested Charter one to reimburse us the funds that were paid on checks with only one signature. I will not have an answer for a few more weeks but Brian at the bank said that they would want proof that we are taking legal action about it because it is doubtful that they will.

We have $235.55 more in the bank than the ledger shows but this is not from the misc. deposit because the ledger does not reflect the $550.00 misappropriated funds. It is just a coincidence.

I made a deposit of $483.32 on 7/19/2004.

In Service,