Finance Committee

The purpose of the Finance Committee is to make recommendations to the Board regarding financial controls, budget procedures and accountability, to review annual budgets, and periodic financial statements. The Committee will advise the Board on all matters affecting the financial status of the Association and report on trends. The Board has delegated to the Committee the approval of investments and conducting reserve studies. In addition, the Committee shall monitor reserve fund databases for currency and provide annual reserve contribution requirements for budgeting purposes that maintain reserve policy guidelines. The Board has delegated to the Committee the approval of the purchase of all non-budgeted reserve expenditures as specified in the purchasing policy. The Association’s General Manager shall consult with the Committee regarding insurance, dues and fees assessments, delinquent accounts, audit reports, review of contracts and other matters. The Committee shall review and make recommendations on the adequacy of reserves, and other matters. Furthermore, the Committee shall provide final review of future budgets with recommendations to the Board.

Members

Mike McCray

Chairman

Sandy Souchon

Barry Rupert

Boyd Bruchmiller

Justin Kaznowski

Committee Charter

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