East Lake Woodlands Condo VII is a peaceful, deed restricted community featuring 92 units. It's central location allows quick access to work, entertainment, restaurants, airports, beaches and shopping malls. Our community is a perfect combination of peaceful relaxation and convenient access to everything our area has to offer.
The ELWCondo7 Annual Meeting and Election of Directors will be held on Tuesday, January 30, 2024, at 6:30 PM. The meeting will be held at “The Little Clubhouse“ located on 600 Caryl Way, Oldsmar, FL.
Board of Directors
View the Association Board of Directors and Their Titles
To All Owners who haven’t Voted this year on the Waiver of Year-End Financial Reporting Requirements.
We need your Vote!
The Florida Statutes do require condo associations to have a review of their financial statements, usually
performed by a CPA. The review is performed to obtain limited assurance that there are no material modifications
that need to be made to the financial statements to be in conformity with Generally Accepted Accounting Principles.
However, the statute also allows a majority of the members of the association to vote to forgo the completion of the review.
Many associations do not have an established Management Company like Ameritech and are self-managed or mis-managed, and this is the main basis of the requirement.
We have the benefit of Ameritech's industry specific software that records all of the associations' transactions and prepares
detailed monthly financial statements with copies of all paid invoices and copies of the bank reconciliations.
All board members receive copies of the monthly financial reports and all association members can request copies of the reports
directly from Ameritech. The board reviews these reports each month and reports on them at the board meetings.
The official review would just be a duplication of the review by the accounting department at Ameritech and the Board.
IF AN OWNER VOTES “YES” TO WAIVE THE REPORTING REQUIREMENT IT WILL SAVE THE ASSOCIATION THE $1600 FEE.
There will be residents who have volunteered to knock on doors over the next several weeks of owners who have not sent in their vote.
If you have any questions or need further information you may contact Ameri-Tech at (727)726-8000 or send an inquiry on the website at www.elwcondo7.com.
