| Orlando,
FL – September 2011 – Central Florida’s largest independent accounting
firm, Averett Warmus Durkee Osburn
Henning, CPAs (AWDOH), announced they are completing work on a second
annual study of approximately 100 Florida timeshare resort homeowner associations
(HOAs). AWDOH Partner Tom Durkee CPA says, “As we are heavily involved
in providing tax and accounting and auditing services for timeshare/vacation
ownership companies and homeowner associations, we saw that our clients
needed a study that would compare HOA portfolio performance during the
last few years with that of earlier, more economically favorable years.
Last year we compared seven years of data and this year we will add 2010
figures to those statistics.”
Last year, AWDOH’s “Financial Trending and Benchmarking of Florida Timeshares” was able to report on trends for timeshare HOAs by creating a database with extensive financial and operational information drawn from 2003, 2006 and 2009 audits. The study factored in other variables, such as developer or management company support, as well. Because the HOAs were strategically selected according to their geographic location, scope and size, AWDOH was able to review key financial indicators to show financial trends both regionally and statewide. Results of the first study were made available last fall. For more information about the project, contact Tom Durkee (tdurkee@awdoh-cpa.com) or Lena Combs (lcombs@awdoh-cpa.com) at 407-849-1569. To request a copy of the Executive Summary of the 2010 report, send an email request to kchappell@awdoh-cpa.com and include your name, company name, phone number and email address. About Averett Warmus Durkee
Osburn Henning CPAs
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