PURPOSE: Under the oversight and direction of the Treasurer the Finance Committee shall make recommendations to the Board of Directors that ensure fiscally responsible policies and procedures are implemented.
- Assist the Treasurer with the development of an annual budget, capital improvement budget, and the preparation/update of the Replacement Reserve Study, which anticipates the cost and schedule requirements to repair, renovate, and replace capital assets owned by the Association.
- Monitor actual expenditures.
- Oversee annual audit in accordance with state and local regulations.
- Provide long term financial planning recommendations to the Board of Directors.
If you are interested in joining the Finance Committee, attend a meeting and let them know!