The Finance Committee
- The mission of the Finance Committee is to provide oversight of the Financial Management of the Association.
To do this, the Committee:
Reviews the monthly financial report.
Tracks execution of the Board of Directors (BOD)-approved Operating and Reserve budgets. Tracks income — specifically living unit sales and delinquent accounts.
Flags budget variances that have significant impact.
Alerts BOD when they need to take action on specific financial matters.
Seeks corrections to financial report where indicated.
Evaluates Management company performance.
Publishes a one-page Monthly Financial Snapshot for HOA membership.
Reviews and suggests modifications of, or additions to, financial procedures (resolutions).
Reviews adherence to established procedures.
Assists with budget preparation as requested by BOD.
Reviews annual Auditor Review of Association finances.
Assists with preparation of Reserve Study as requested by BOD.
Reviews the monthly financial report.
Tracks execution of the Board of Directors (BOD)-approved Operating and Reserve budgets. Tracks income — specifically living unit sales and delinquent accounts.
Flags budget variances that have significant impact.
Alerts BOD when they need to take action on specific financial matters.
Seeks corrections to financial report where indicated.
Evaluates Management company performance.
Publishes a one-page Monthly Financial Snapshot for HOA membership.
Reviews and suggests modifications of, or additions to, financial procedures (resolutions).
Reviews adherence to established procedures.
Assists with budget preparation as requested by BOD.
Reviews annual Auditor Review of Association finances.
Assists with preparation of Reserve Study as requested by BOD.
- The Committee meets the Tuesday before the monthly Board of Directors meeting. This is usually the 4th Tuesday of the Month – but it can be the third. Consult the “Highlands Highlights” or the Upcoming Events on this websitefor current schedule. Meeting time is 7:00 PM. Place is Board Room at clubhouse. The Association Treasurer usually participates in this meeting. Other BOD members frequently attend.
- Visitors are always welcome. This is an excellent opportunity to get your financial questions answered. Prospective committee members should contact the committee co-chairpersons.
- The committee welcomes involvement by those who are interested. An accounting or legal background is especially welcome – but not necessary.
Financial Reports for the Highlands
| File Name | Type | Permissions | Changed Date | Date | Size | ||||
|---|---|---|---|---|---|---|---|---|---|
pdf |
2020 Approved Budgets | 0644 | 2023050501431405-May-2023 01:43 | 2022073001154430-Jul-2022 01:15 | 403 KB | Preview | Download | ||
pdf |
CMI 2019 EOY Financial Statement | 0644 | 2023050501431405-May-2023 01:43 | 2022073001272830-Jul-2022 01:27 | 281 KB | Preview | Download | ||
pdf |
CMI 2020 05 CMI Financial Stmt | 0644 | 2023050501431405-May-2023 01:43 | 2022073001194230-Jul-2022 01:19 | 758 KB | Preview | Download | ||
pdf |
Financial Snapshot 2020 05 | 0644 | 2023050501431405-May-2023 01:43 | 2022073001293330-Jul-2022 01:29 | 83 KB | Preview | Download |
Number of files: 4
Combined size: 1 MB
Combined size: 1 MB
