Laserfiche WebLink
Other Matters <br /> With respect to the supplementary information accompanying the financial statements,we made certain inquiries of management and <br /> evaluated the form,content,and methods of preparing the information to determine that the information complies with accounting <br /> principles generally accepted in the United States of America,the method of preparing it has not changed from the prior period,and <br /> the information is appropriate and complete in relation to our audit of the financial statements.We compared and reconciled the <br /> supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements <br /> themselves. <br /> Financial Position and Results of Operations <br /> Our principal observations and recommendations are summarized below.These recommendations resulted from our observations <br /> made in connection with our audit of the Association's financial statements for the year ended December 31,2013- <br /> Investment Return <br /> A summary of the investment rate of return is summarized below: <br /> Assets <br /> Total Held in <br /> Investment Trust for Investment <br /> Interest Investment Appreciation Income Pension Rate of <br /> Year and Dividends Fees (Depreciation) (loss) Benefits Return <br /> 2009 $ 23,827 $ - $ 416,652 $ 440,479 $ 2,224,430 22.5 % <br /> 2010 51,384 16,484 142,240 177,140 2,189,448 8.0 <br /> 2011 72,988 23,094 (91,141) (41,247) 2,260,830 (1.9) <br /> 2012 76,041 21,688 158,702 213,055 2,456,311 9.0 <br /> 2013 84,687 27,198 304,699 362,188 2,880,579 13.6 <br /> Investment Rates of Return <br /> 40.00% <br /> 35.00% <br /> 30.00% <br /> 25.00% 22.5% <br /> 20.00% <br /> 15.00% 13.6% <br /> 10.00% 8.00/0 9.00/0 <br /> 5.00% <br /> - -IV) <br /> (5.00%) <br /> (L9%) <br /> (10.00%) <br /> 2009 2010 2011 2012 2013 <br /> People <br /> +Process® <br /> Going <br /> Beyondthe <br /> _3_ Numbers <br />