Green Trails Improvement Association
Finance Committee
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Budget
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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.
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Recommend to the Board any changes to the annual assessment amount. Provide rationale and projected long term effects.
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Publish the approved budget in the October issue of the Green Trails Pathfinder.
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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. ​​​​
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2022 Green Trails Association Budget Components
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Investment of Operation Fund Balances
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Make recommendations to the Board on the vehicles to be used and the period of investment for Operating Fund balances.
Replacement Fund Management
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Make recommendations to the Board on the vehicles to be used and the period of investments for Replacement Fund balances.
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Update annually the projected future replacement fund balance schedule.
Accounting & Reporting
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Review existing procedures and policies on a continuing basis and make recommendations, as may be war anted, to the Board.
Special Projects
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As the need arises, provide assistance to the treasurer on special projects.
Auditor
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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).
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Review the audit with the auditor.
Meetings
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Scheduled when needed.