తామా సొమ్ము, గాటా సోకా?

IMPORTANT MESSAGE ABOUT TAMA 2009 FINANCIALS

Dear TAMA Members,

According to the TAMA Constitution and Bylaws, outgoing Executive Committee shall provide appropriate records for financial audits; transfer all records, documents and accounts to the incoming Executive Committee within five days after the end of their term.

TAMA current Executive Committee sent multiple emails and made several phone calls to Dr. T Satyanarayana Reddy (President-2009) and Mr. Girish Meka (Treasurer-2009) but they are not coming forward to reconcile TAMA financial information and accounts for the year 2009. Though we have appointed an audit committee comprising of Mr. Surendar Reddy Mutyala, Mr. Paddy Rao and Mrs. Sheela Lingam to ensure financial stability and transparency, we are unable to provide them financial records for the year 2009. Also, due to lack of cooperation from the 2009 Executive Committee, tax filing for the year 2009 is also delayed.

In order to safeguard TAMA credibility with the Internal Revenue Service (IRS), the current executive committee has stepped in to procure TAMA 2009 financial statements from the bank and is in the process of filing taxes for the year 2009.

The 2009 Executive Committee owes members of TAMA and 2010 Executive Committee, an accountability of TAMA 2009 financial information and accounts including:

1. Closing information about 2009 bank accounts (Checks belonging to TAMA members were bounced).

2. Closing of Credit card information (Past Treasurer Adi Chintama was penalized due to the actions of 2009 Executive Committee).

3. There is no documentary evidence for distribution of Payments amounting to $43,248.70 to Suresh Penchala’s family with out concrete financial evidence.

4. Loss of $5000 deposit to Centre Stage, Atlanta.

The financial information that will be used to file taxes year 2009 will be provided to TAMA audit committee. As office bearers of TAMA for 2010, it’s our responsibility to apprise our members concerning 2009 TAMA financials.

Sincerely,

TAMA 2010 Executive Committee