Records Retention Policy

POLICY:

  1. Maintenance and retention of records for the Nottingham Forest Homes Association.

  2. The Secretary will be the Archivist for NFHA, and will be responsible for maintaining and securing all records.

  3. All original records are to be stored in a central location.  Copies can be made for Board members to aid in their discharge of responsibilities.


Type Of Record

Years To Retain

Cancelled Checks

5 Years

Vendor Bids/Request for Pricing

5 Years

Vendor Invoices

5 Years

Licenses and Permits

5 Years After Exp. Date

Vendor Contracts/Purchase Orders

5 Years After Exp. Date

Correspondence

3 Years

Newsletters

3 Years

Board Minutes

No Expiration

General Ledger/Journal Entries/Budget

No Expiration

Income Tax Returns

No Expiration

IRS Ruling, Not for Profit Status

No Expiration

Legal Documents–NFHA

No Expiration

-By-Laws

No Expiration

-Declaration of Restrictions

No Expiration

-Homes Association Declaration

No Expiration

-Pool Settlement

No Expiration

-Roof Amendment

No Expiration

-Spanish Gardens (8th Plat)

No Expiration

Liens and Lien Letters

No Expiration

Pool Settlement Records

No Expiration

Voting Records, NFHA

No Expiration

Warranties

Life of Product or Service