Finance Committee members, left to right: Jeanne Barger, Ed Bailey, Tom Pryor, Larry Turner, Chair Jeff Miller, Vice-Chair Gary Koenig, Lori Williams and Kevin Andrews
John Chorba
The HOA Board of Directors (BOD) has the ultimate responsibility of overseeing our finances. Our General Manager (GM) is charged with supervising our finances on a day-to-day basis. But there’s a dedicated group of homeowner volunteers who provide us with critical services to help assure our HOA finances are well managed: our Finance Committee. The committee reports to the BOD, and while it has no direct operational management responsibilities the service it performs for our community as consultant, assistant, watch dog and planner is priceless.
The committee assists our GM in keeping track of our HOA assets. They review our revenues and expenses monthly, organizing countless spreadsheets into easily manageable reports to help us stay on budget and take action when necessary to adjust. Several times each year they offer reports to the community to keep all informed of our finances. They review requested capital expenditures and help prioritize them for the greatest value to our homeowners. And every year they perform the herculean task of working with the various facility managers and our GM to assemble the next year’s budget for BOD review and adoption. In short they counsel and advise us in virtually every aspect of our financial matters.
Our Finance Committee meets the last Thursday of each month at 1:00 p.m. in the Bandera Room. All meetings except interviewing for new members are open to homeowners. Come and watch a meeting to see what issues they’re working with this month. If you’re interested in helping out or in membership on the committee, contact Jeff Miller, the committee chair, at [email protected] or just fill out a committee volunteer form located at the HOA office in the clubhouse.