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2022 Financial Audit Report

Dear RCH Members,

I hope this letter finds you well. We are pleased to inform you that the year-end audit conducted by Rutherford, Taylor & Company, P.C. for the fiscal year ending December 31, 2022, has been posted on the RCH website and is linked below.

This audit represents a significant milestone in ensuring financial accountability within the RCH Water System. Unfortunately, it became evident that the previous management company, H2O, failed to maintain adequate accounting records. Despite our best efforts, H2O was unresponsive to our requests for records during this process. Rutherford, Taylor & Company, P.C. moved forward with an audit of cash receipts and disbursement statements.

Additionally, we have engaged Rutherford, Taylor & Company, P.C. to extend their evaluation to the fiscal years 2020 and 2021 to gain a comprehensive understanding of our financial history.

We are pleased to report that all relevant documents have been retained since May 2023, ensuring we have the necessary records for future audits.

The Board recognizes the importance of transparency and accountability in our organization, and we are dedicated to rectifying the situation as we move forward. We will keep you informed of our progress and any significant developments.

Thank you for your continued support and understanding during this challenging period. We remain committed to providing you with safe and reliable water services.

David Naylor

2022 Financial Audit