Green Trails Improvement Association
Finance Committee

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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. ​​​​

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2022 Green Trails Association Budget Components

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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.