Finance

The Finance Committee provides financial advice, analysis and information to the board of directors to enable the board to make sound business decisions. The committee focuses on recurring tasks such as the audit and the annual budget review, and special tasks such as major capital expenditures.

• Meeting Schedule

  The Finance Committee typically meets on the third Thursday of the month at Northwoods Clubhouse at 3PM.

  Schedule:

  2018 Finance Committee Meeting Calendar

  Next Meeting Dates:

  • October 11, 2018
  • November 15, 2018
  • December 13, 2018
• Supporting Docs

  Finance Committee Charter

  2018 Finance Committee Goals

  Meeting Agendas and Documents

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  Agenda October 11, 2018

  Item I - Operating Fund Policy update draft

  Item K - 2019 Budget G01 Overview Draft

  Agenda August 15, 2018

  call in Toll number: +1 (323) 457-5506, access code: 64968717# (Dial-in Number)  Conference ID: 64968717

  Item C - Draft Minutes from July 12, 2018 FC Meeting

  Item G - Mid Year Review of FC Goals

  Item H - FC Applicants

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  Agenda July 12  2018

                  call in Toll number: +1 (323) 457-5506, access code: 82752213 (Dial-in Number)  Conference ID: 82752213

  • A. Call to Order and Quorum
  • B. Member Comments
    • McClure Steve comments (read from bottom up)
  • C. 7/12/18 Agenda and 6/14/18 Minutes Review and Approve
  • D. Review of preliminary June financial results and Summer Concert
    • June 2018 Financial prelims
    • Concert Flash
    • Independence Day Holiday period Flash
  • E. Update on progress regarding Board’s request that the FC add five strategic goals actions regarding accounting issues
    • a  Elasticity of Demand Pricing Models
    • b  Fiscal Year End Change - Pro/Con
    • c  Model: Zero CPI+1% limits to Annual Assessment for 5 Years
    • d  Develop Allocated Overhead Model for planning and analysis efforts
    • e  Newest Board Request;  Financials impact of 'Public' on our amenities and assessment
  • F. Budget Strategic Assumptions including Overhead Allocation
    • refresher 2018 Budget Strategic Planning Guidance
  • G. Proposed Committee and Task Force Code of Conduct
    • Board of Directors current draft Code of Conduct, for reference
  • H. Finance Committee- new regular and alternate members
  • I. Updates,  Equestrian Committee
  • J. Items for August 16th meeting at 3 PM
  • K. Adjourment

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  Agenda June 14 2018

  • A  - Call to Order
  • B - Member Comments
  • C - Minutes from 5/17/2018
  • D  - Preliminary May 2018 Financials
  • E  - New Board directed FC Tasks update
  • F -  2019 Budget Cycle overview
  • G - General Manager Goal - Food and Beverage Operations Financial Review
  • H - Policy Reviews update (verbal report, Dundas)
  • I - Equestrian Blue Ribbon Panel update (verbal report, Stang)
  • J - Next Meeting July 12th Items (verbal report, all)
  • K - Adjournment
• Vacancies
  Vacancies: none

  To serve on a committee, a member must be in good standing. If you are interested in serving on a committee, send a letter of interest, fill out a committee application form and submit both to the executive assistant.
• Contact

  Committee Chair: Art King, aiking156@att.net