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Case Study June Financials

Satisfactory Essays

Thanks for sending the June Financials. I have a quick question that I hope you can answer: Is it customary to have a Board President act as "purchasing agent" for a condo association, using a personal credit card to buy building, maintenance, and landscaping equipment and supplies? In reviewing the Financials for the past six months, I've noticed Ed has received over $6,200 in Board-approved reimbursed expenses. Shouldn't the licensed and bonded contractors and vendors he's hired to work at Crestwood Terrace purchase any building, maintenance, and landscaping equipment and supplies needed for the job? In the event he's being rewarded with miles and/or cash back for using his credit card to pay for Association purchases, do our

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