BLUE MESA RECREATION ASSOCIATION

POLICIES & PROCEDURES

RESPONSIBLE GOVERNANCE

ACCOUNTING RECORDS

Per Senate Bill 05-100, 2005

SECTION 7, 38-33.3-209.5:

Maintain accounting records using generally accepted accounting principles.

Bylaws Article VII, (d):

DUTIES OF THE TREASURER:

The Treasurer shall be the custodian of the funds of the Association and of all securities, valuable papers and documents connected with and pertaining to the business of the Association which shall be kept in such depositories and in such manner as shall be directed by the Board of Directors. The Treasurer shall, from time to time, disburse the funds of the Association in accordance with the orders of the Board of Directors; shall keep a complete and proper record and account thereof and vouchers for all funds disbursed, all of which shall be accessible for inspection by the Board of Directors, whenever they may require. The Treasurer shall render to the Board of Directors, whenever they may require, an account of all transactions and the financial condition of the Association.

TAX RETURN:

The accounting records shall be submitted annually to a CPA and the tax return prepared by the CPA.

In witness hereof, the undersigned has executed this Accounting Records Policy this 20^th day of October, 2007.

BLUE MESA RECREATION ASSOCIATION

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President