Financial Statements


  Duty to provide members with Financial Statements:   

On September 25, 1972, the Auditor of Franklin County, Ohio recorded the 'ENABLING DECLARATION, BY-LAWS AND DRAWINGS CREATED AND ESTABLISHING A PLAN FOR CONDOMINIUM OWNERSHIP UNDER CHAPTER 5311 OF THE OHIO REVISED CODE OF OHIO AND CREATING AND IMPOSING COVENANTS, CONDITIONS, ASSESSMENTS, EASEMENTS AND RESTRICTIONS FOR WINDING CREEK CONDOMINIUM' [COND. PLAT BOOK 2  PAGE 153] (the "DECLARATION AND BYLAWS").

Note: On January 4, 1977, the BOARD OF TRUSTEES of Winding Creek Condominium Owners Association, Inc. ("WCCOA") was created and  assigned all of the powers, authority, and duties granted and imposed upon the BOARD OF MANAGERS in the DECLARATION AND BYLAWS.


Article I of the By-Laws created and established the WINDING CREEK UNIT OWNERS' ASSOCIATION, (the "Association").


DUTY OF THE BOARD OF TRUSTEES:  Article VII, Section 2(b) of the By-Laws declares that it shall be the duty of the BOARD OF MANAGERS [which is the WCCOA's BOARD OF TRUSTEES] to supervise all officers, agents and employees of the Association, and to see that their duties are properly performed.





DUTY OF THE TREASURER:   Article VIII, Section 8(d) of the By-Laws declares that it shall be the duty of the TREASURER to:
  • keep proper books of account [GAAP (Generally Accepted Accounting Principals)];
  • cause an annual audit of the Association's books to be made by a public account at the completion of each fiscal year; 
  • prepare an annual budget and statement of income and expenditures to be presented to the membership at its annual meeting; and
  • deliver a copy of each to the members.







  Audited Annual Members Meeting Financial Statements:   

Research has indicated that no audit has taken place in over seven (7) years; therefore, in violation of the Code-of-Regulations, audited financial statements have not been presented to members at the any Annual Members Meeting in over the past six years.




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Winding.Creek.Condo.REPORTER@gmail.com
This page was last revised on 11/03/2019.


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