For more than a year now, unit owners have received only the income statement portion of the monthly financial statements. A balance sheet and statement of the common expense and reserve funds has not been provided. These are required in order for the reader to conduct a reasonable review of finances. These should be provided as soon as possible.

The month to month financial activity in our Corporation is relatively minimal and monthly financial statement preparation can easily be completed and a complete statement distributed by the 15^th of the following month. Unit owners are being provided with financial reports often months after the reporting month has ended. This is not acceptable.

The monthly reports in the past used to include a management report which provided some description of the nature of expenditures. This practise should be returned and included in all monthly reports going forward.

There continues to be not only reluctance but refusal on the part of the Board and management to respond to requests from residents for financial and other pertinent information. The Board is reminded that this is in contravention of the Condominium Property Act. The Board should therefore direct management to promptly respond to current and past requests for such information as per this requirement of the Act.