GIBSON'S GRANT HOMEOWNER ASSOCIATION

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finance committee

finance committee 2019 objectives

2/20/2019

 
In addition to monitoring the HOA's spending and conformance to budget, the Finance Committee has established three objectives for 2019 for major projects to improve the HOA's financial health, and to improve transparency with homeowners:

  1. Working with Sentry Management, lead the development of the 2020 budget and make recommendations to Board on 2020 budget; included in this objective are the creation and execution of a new budget analysis and creation process; target is to finalize and approve 2020 budget at the HOA meeting prior to the 2019 Annual Meeting

  2. Analyze the 2017 Reserve Study and make recommendations to Board on the current study and updating it; due date May 1 2019

  3. Create a 3-5 year financial model projecting homeowner dues; due date fall 2019 (include an initial prioritized list of potential capital projects including rough cost estimates)

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    CHARTER

    The Finance Committee is a standing committee of the Gibson’s Grant HOA established to support the Board of Directors in fulfilling its responsibility to oversee the HOA’s financial strategy & performance. Committee support to the Board of Directors will include but is not limited to; advising the Board on all financial matters, driving long-range planning and annual budgeting, and driving financial stewardship for all homeowners.


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