Page 1 - Kings Point Property Owners Association - Document Retention Policy
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          DOCUMENT RETENTION AND DISPOSITION POLICY
     FOR KINGS POINT PROPERTY OWNERS ASSOCIATION' INC.

            KINGS POINT PROPERTY OWNERS ASSOCIATION, TNC., a TexAS NON-PTOfit
     Corporation and Texas Properly Ownets' Association has adopted the following Document
     Retention and Disposition Policy and hereby records this document as allowed by Section

     209.005 of the Texas Propertv Code.

             The records of the Association will be kept either in paper or electronic form as outlined
     in this policy. Any records that do not have a records retention schedule as specified in this

     document may be discarded at any time without written notification.

     RECORDS RETENTION SCHF'.DULE

     Financial Documents                                 Records Retention Schedule
     General Ledgers and Journals
     Year End Financial Statements                       rCurrent year 7

     Tax Returns                                         Current year 1 7
     Audit Records and Reports                           Cument year'l J
     Depreciation S chedules/C apital Inventory Plan
                                                         Curent year i 7
     Accounts Payable/Accounts R"""iYub&l-.4998          iCurrent year 7
                                                         iCunent year 7
     Exoense Records
                                                         Curent year * 7
     Canceled Checks
     Electronic Paunent Records                          iCurrent year 7
     Purchase Orders and Vendor Invorces
                                                         Current year * 7
     Bank Statements
     Deposit Slips                                       cur:rent Year 1 7

     Budsets                                             iCurrent year 7
     Pettv Cash Vouchers
                                                         Current year + J
     Accountins Records of Current Owners                Current year'r 7

                                                         Current yeat * 7
                                                         Curent year * 5

     Governing Documents                                 Records Retention Schedule
     O..d Cou"nants and Restrictions and all Amendments
     By-Laws and all Amendments                          Permanent
     Articles of Incorporation                           Permanent
                                                         Permanenl
     Rules and Regulations                               Permanent
     Adooted Policies and Procedures                     Permanent
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