OBJECTIVES:

Funds managed to provide both annual operations & maintenance support while meeting long term financial requirements.

ASSESSMENTS

  • Maintain accurate accounting of all assessments, deposits, expenditures, IAW general accounting principles.

  • Notify those members in arrears regarding POA assessment requirements. Initiate lien actions as required. (Consistent with State Legislative Reforms)

ACCOUNTING & FINANCIAL REPORTS

  • Maintain accurate accounting of all assessments, deposits, expenditures, IAW general accounting principles.

  • Notify those members in arrears regarding POA assessment requirements. Initiate lien actions as required. (Consistent with State Legislative Reforms)

BUDGET

  • Budget and fund all must-fund maintenance and repair budget items.

  • Provide adequate funding for discretionary budget items to meet the goals & objectives of the POA.

  • Budget to support short and long-range maintenance and capitalization requirements.

  • Provide annual budget to membership not later than 30 days prior to end of fiscal year; approve at annual meeting.

For the Good of the Many, with Respect for the Individual!