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
