June 15, 2023 Financial Discussion Meeting Information
THe Board of Directors held an open meeting to discuss the current financial status of the Association and to discuss options for maintaining our current budgt needs and to plan for the future. Andrew Davignon, LVE Treasurer created an excellent PowerPoint Presentation and presented to all co-owners who attended in person and participated via ZOOM. There was an opportunity for questions and comments and to express appreciation to the work of the Board and especially Andrew.
Here is a copy of the powerpoint presentation and a modified version of the current Reserve Study that was updated this year for your review.
Financial Control Procedures
At the open Board Meeting on December 13, 2022, Board Treasurer Andrew Davignon explained the content of the new Financial Control Procedures document that he created and was approved by the Board on November 15, 2022.
This document’s Vision and Goals include this statement: “Financial controls are policies and procedures developed by an organization to manage financial resources to operate efficiently. The goal of the financial controls is to have clarity, transparency and accountability around how the Board makes decision and spends the Association’s resources.”
Here is the document for your records and review.