Hurricane Ima Coolidge Case Study

It appears that Coolidge will be impacted by Hurricane Irma starting sometime on Monday. With a 10:00 am Tuesday submission deadline for financial statements and the real possibility of power outages or worse due to the storm, we need to be positioned to complete the submission prior to the storm hitting. Additionally, I personally want to make sure that each of you have an opportunity to secure your belongs and family and prepare for the possible aftermath. At this point, we can only guess as to the extent of damage locally.

The schedule has the cut off of all intercompany entries at 4:00 pm today. All entries up to allocations should be completed by noon on Saturday. If they can be completed today, that is fine, but after noon I plan
to do a final review of the results, then David or I will start recording the allocation entries. This will produce financial result prior to Monday. If it safe to be out on Monday, we will have additional time to review the results. If not, we should be ready to submit prior to conditions deteriorating.

As we have discussed before, we all have an individual and collective responsibility for making sure the financial results are accurate and given the pending storm, it will take everyone’s effort. That being said, the safety of you and your family is paramount. It is impossible to know the outcome of this storm, but my prayer is that you and your families stay safe.