FROM THE TREASURER
CORRECTION
I was notified by Island Financial that due to an accounting error with the May financials. Specifically, the 50% owners’ share of the rental income was posted to the LLC and consequently the net profit was overstated. After corrections were made, the LLC’s YTD net income as of May 31, 2024 is about $114,000. The June financials will reflect the correction.
DELINQUENT POA ACCOUNTS TO COLLECTIONS
As a final courtesy, a phone call and a letter of intent will go out to all POA accounts that are overdue by 3 quarters or more. Unless a full payment or reasonable arrangement is made by August 15, 2024 the accounts will be sent to Collections. The Agency is the Nexum Group Inc. located at 6650 Rivers Ave, North Charleston, SC 29406, and is licensed in all 50 States.
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