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Members:
Chair and Board Treasurer Art Young, Board Secretary Judi Slajer, Board Vice President Larry Kibbee, Judy Colby, Peter Harradine, and Manager/Ex Officio Member Judy Grosvenor
The business of the Finance Committee during the past year is outlined as follows:
- Approved a workable formula for determining the amount of "Fund Balance" that is available which could, if necessary, be allocated or re-allocated.
- Kept in close coordination with Manager Grosvenor with regard to foreclosures and delinquent collections. Monitored real estate activity.
- Worked with Manager Grosvenor in reviewing and determining what internal funds would be made available for the early pay off the Back Rent.
- Reviewed the Draft FY 2008-2009 Audited Financial Statements from Williams and Nulle, CPA, and recommended to the Board they be acknowledged.
- Agreed to response points to the Auditor’s Management Letter Recommendations for the period ending June 30, 2009.
- Provided FY 2010-11 Budget development strategies to maintain current assessment levels.
- Reviewed the Proposed FY 2010-2011 Operating and Capital Improvements Budget and recommended changes to the Manager and Board.
- Reviewed draft changes to the Human Resources policy, and asked to review a different type of program.
- Discussed limiting Community financial information on the web site until such a time as a members-only web access portion to the web site is available.
- Recommended revising the water billing cycle to two months. Billing water every two months based on actual meter reads, and billing the water base rate every month. This change was required to accommodate the new billing system.
Respectfully submitted:
Art Young
Committee Chair |
