Wilkin & Guttenplan, P.C.'s

Community Property Advisor

Volume 26/Issue 1



Why Don't My Financial Statements Agree? 


by Amanda Brady, CPA 


Most associations have financial statements prepared on a monthly basis by either their managing agent or, if self-managed, by an internal employee. In either case for this article, we will use the term "management" for the preparer of the internally generated financial statements. The purpose of these financial statements is to provide timely information about an association's financial position such as, cash balances, unit owner assessments receivable and payables owed. Read more...


A Primer on Bankruptcy 


by Hubert Cutolo, Esq.


In the current economic climate, common interest communities are finding that many unit owners are experiencing financial distress. In that regard, some unit owners cannot meet their financial obligations and, as a result, those unit owners are seeking relief under the Bankruptcy Code.  Read more...


Upcoming Issues

  • Allocating Federal Taxes to the Replacement Fund
  • The W&G Financial Survey for Community Associations


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Winter 2012


High rise condo


In This Issue

Why Don't My Financial Statements Agree?

A Primer on Bankruptcy

Upcoming Issues



News from

the Firm




5 Years

Lauren Landolfi


11 Years

Mohammed Salyani


12 Years

Patty Hernandez


13 Years

Amanda Brady

Len Nitti


15 Years

Brian Geissler

Bill McDevitt


19 Years

Carol Koransky


24 Years

Kristine Flores


25 Years

Michael LoVerde


26 Years

Sefi Silverstein


Way to Go!


Congratulations to Jessica Chelkowski on passing the CPA exam!



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Certified Public Accountants and Consultants 

732.846.3000  |  www.wgcpas.com


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Wilkin & Guttenplan | 1200 Tices Lane | East Brunswick | NJ | 08816