top of page

Green Trails Improvement Association
Finance Committee

​

Budget

  • Prepare the proposed annual budget, with input from the Maintenance Committee and Management. Base it upon a review of previous years’ actual expenses along with projected costs. Present the proposed budget to the Board for comments, adjustments, and ultimately, approval.

  • Recommend to the Board any changes to the annual assessment amount. Provide rationale and projected long term effects.

  • Publish the approved budget in the October issue of the Green Trails Pathfinder.

  • Review monthly actual and proposed expenditures in relationship to the budget to prevent unintentional overspending. Review with the Board the effects of any proposed unbudgeted expenditures. â€‹â€‹â€‹â€‹

​

2022 Green Trails Association Budget Components

​

Investment of Operation Fund Balances

  • Make recommendations to the Board on the vehicles to be used and the period of investment for Operating Fund balances.

Replacement Fund Management

  • Make recommendations to the Board on the vehicles to be used and the period of investments for Replacement Fund balances.

  • Update annually the projected future replacement fund balance schedule.

Accounting & Reporting

  • Review existing procedures and policies on a continuing basis and make recommendations, as may be war anted, to the Board.

Special Projects

  • As the need arises, provide assistance to the treasurer on special projects.

Auditor

  • Make recommendations on the hiring of an auditing firm to be used for the annual audit and preparation of Form 990 (Organizations Exempt from Income Tax).

  • Review the audit with the auditor.

Meetings

  • Scheduled when needed.

bottom of page