The Central Park Owners Association Board causes an annual external audited financial statement (including a balance sheet and income and expense statement) to be prepared by an independent, certified public accountant. It reflects the financial condition of the association at the end of the accounting period and summarizes the financial transactions in which the association was involved. When completed, it is made available to owners.
Working in collaboration with the exclusive managing agent of the Central Park Owners Association, the Board also causes the preparation of an annual pro-forma operating statement (budget) for the following fiscal year. A copy is distributed to owners not less than 30 days prior to the beginning of the new fiscal year.