June 3, 2020
I have reviewed the Cambridge Association of Neighborhoods (CAN) financial records for CY2017, CY2018 and CY2019.
Treasurer Mary Ellen Jesien has done a nice job of retaining monthly statements and expenditures. CAN finances are in good order.
I would suggest that the Board consider a bylaw change that recommends an internal audit every 3 years, as opposed to every year, unless and until such time that balances exceed $5,000, or CAN has received a State or Federal Grant, then it could revert to an annual basis.
Through CY2019, CAN has not exceeded $2,000.00 in its coffers.
Judd Vickers