What is required for a subdivision owner's financial statement when filing the annual report?

A subdivision owner's financial statement, when filing the annual report, needs to be prepared by an accountant and certified by the subdivider to ensure that the information presented is both accurate and compliant with regulation. This requirement aims to maintain transparency and accountability in the management of subdivision finances. By having a qualified accountant prepare the statement, the owner can provide assurance that the financial data adheres to generally accepted accounting principles and reflects a true picture of the subdivision's financial status. The certification by the subdivider also adds a level of personal responsibility, ensuring that the owner is affirming the authenticity of the information provided.

In this context, other options do not meet the necessary standards for reliability and accountability required in the filing process. An independent audit, while it provides a high level of scrutiny, is not specified as a requirement for the annual report, making this option not suitable. Review by a county official is not a standard practice for the financial statement of a subdivision. Lastly, while there may be thresholds that affect other obligations for subdivisions, the requirement for a prepared and certified financial statement is irrespective of these thresholds to ensure consistent transparency throughout.