FINANCE COMMITTEE
A. Purpose
The purpose of the finance committee is to provide financial guidance
and advice to the Greenmeadow Board.
B. Board Liaison Member
Treasurer
C. Functions and Responsibilities
- Advise on proper financial procedures and controls.
- Perform an annual audit to assure appropriate financial procedures
and controls.
- Review the proposed budget annually for consistency,
appropriateness and integration with a long-range financial plan,
including a projection for major repairs and capital expenditures.
- Establish the necessary level of reserve funds in each year's
budget to insure that there are adequate funds to provide for the
repair and/or replacement of Greenmeadow's physical assets.
- Carry out financial projects requested by the Board.
Any assistance from the Administrative Manager must be approved by the
President of the Board.
D. Composition
A chair and two to six members.
interest in the lessee's business.
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