The following outlines the requirements for financial reviews in Oregon Planned Communities. The requirements are found in ORS 94.670.
Annual assessments less than 75k |
Community Created after 1-1-2004 |
Annual Assessments more than 75k |
- Review required only if association receives petition signed by majority of owners
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- Review required only if association receives petition signed by majority of owners
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- Requires review of financial statement
- Must occur within 180 days after the end of the fiscal year
- Review must be done by an independent CPA
- May skip review if 60% of the owners agree
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