ARTICLE IV. ASSOCIATION MEMBERSHIP Section 10. Disciplinary Procedures ARTICLE IV Association Membership Section 10. Disciplinary Procedures A Disciplinary Committee made up of not more than nine (9) members including at least one (1) Board member may be established by the Board of Directors to conduct hearings and make recommendations, advise on disciplinary matters and to administer sanctions or discipline. A majority of the Committee members shall constitute a quorum. The Committee shall operate and act as provided hereunder only by a majority vote of the members present at any hearing at which a quorum has been established. The procedure to be followed by the said Committee is as follows: a) If a complaint against any party shall be signed by a member, or the Chief of Security of The Hideout as a result of investigations made by the said Chief of Security, and filed with the Secretary or Assistant Secretary of the Association, the latter shall refer the matter to the Chairman of the Disciplinary Committee within five (5) days thereafter. b) If the nature of the complaint or charges are, in the Committee’s sole discretion, such that it may be informally administered through warnings or admonitions, then the Committee shall so informally administer such discipline without a hearing. c) If the complaint involves: i) Misconduct of a nature that requires a hearing of all involved parties. ii) Such conduct that is contrary to the interest, health, safety, welfare or character of the Association or the Development, or iii) Repeated violations or infractions of the Association’s Bylaws, Rules and Regulations, or the Declaration of Protective Covenants; then the Committee shall set a date for a hearing on the complaint or charges, with notice of same to the accused. The accused shall have an opportunity to be heard, the right to be represented by counsel (if any) and to present evidence on the accused behalf at the hearing. d) The accused shall have the opportunity to attend the hearing and enter such defense as he may deem relevant. In the event the accused does not attend the hearing, the same shall proceed in his absence unless previously excused by the Committee in advance for good cause shown. e) After consideration of all the evidence presented, the Committee shall render its judgment and may impose any or all of the following sanctions as it, in its sole discretion, deems just and warranted: i. Admit of an apology and/or reparation. ii. Imposition of a fine in an amount to be determined depending on the severity and gravity of the charge and or whether the accused has been involved in repeated violations as here in referred to. (Amended March 31, 2004) iii. Suspension of privileges for a period of time as the Committee may deem just, but not to exceed twelve (12) months, where the misconduct is of a repeated nature and is such as to be considered disorderly, injurious or hostile and against the better interest or objectives of the Association and its members. (Amended March 31, 2004) f) There shall be a ten (10) day grace period, from the date of the Committee’s Notice of Judgment, for the accused to pay the fine imposed (if any), or to make reparation or furnish an apology before such person may be declared “not in good standing” by the Committee. g) When “suspension of privileges” is invoked by the Committee, the Board of Directors shall first approve such a suspension before it becomes effective. The Board may approve or disapprove the suspension of privileges or impose an alternative sanction or remand the matter back to the Committee with such directives as the Board may deem fit and proper. h) The accused shall have the right, within ten (10) days of the receipt of notice of the decision of the Committee to appeal in writing to the Board for review of the matter on the following grounds only:
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i) On the appeal, the Board shall limit its inquiry to a review of the regularity of the proceedings, whether the proceedings were conducted in good faith, and whether or not the accused was accorded a full and fair hearing. ii) The Board will not entertain any appeal that does not specifically comply with its appellate procedures on forms provided for this purpose, or that involves or seeks reconsideration of the charges, the evidence or the Committee’s decision or its findings on the merits. However, reconsideration may be allowed where the Board determines that new material evidence, which appellant proves to the Board’s sole satisfaction, was not previously available for the hearing and has since been made available to the accused. iii) In its sole and absolute discretion, the Board may, for good cause shown for the above-stated reasons on such appeal, modify the judgment or sanctions previously rendered. RECOMMENDED CHANGES: ARTICLE IV Association Membership Section 10. Disciplinary Procedures The Public Safety Department is the administrative and operational arm of the disciplinary process, tasked with enforcement of Association rules, issuance of citations and collection of fines. A Disciplinary Committee made up of not more than nine (9) members including at least one (1) Board member may be established by the Board of Directors to conduct hearings and make recommendations, advise on disciplinary matters and to administer sanctions or discipline. A majority of the Committee members shall constitute a quorum. The Committee shall operate and act as provided hereunder only by a majority vote of the members present at any hearing at which a quorum has been established. The procedure to be followed by the said Committee is as follows: a) If a complaint against any party shall be signed by a member, or the Director of Public Safety of the Association of The Hideout as a result of investigations made by the said Director of Public Safety, and filed with the Secretary or Assistant Secretary of the Association, the latter shall refer the matter to the Chairman of the Disciplinary Committee within five (5) days thereafter. b) If the nature of the complaint or charges are, in the Committee’s sole discretion, such that it may be informally administered through warnings or admonitions, then the Committee shall so informally administer such discipline without a hearing. c) If the complaint involves: i) Misconduct of a nature that requires a hearing of all involved parties. ii) Such conduct that is contrary to the interest, health, safety, welfare or character of the Association or the Development, or iii) Repeated violations or infractions of the Association’s Bylaws, Rules and Regulations, or the Declaration of Protective Covenants; then the Committee shall set a date for a hearing on the complaint or charges, with notice of same to the accused. The accused shall have an opportunity to be heard, the right to be represented by counsel (if any) and to present evidence on the accused behalf at the hearing. d) The accused shall have the opportunity to attend the hearing and enter such defense as he may deem relevant. In the event the accused does not attend the hearing, the same shall proceed in his absence unless previously excused by the Committee in advance for good cause shown. e) After consideration of all the evidence presented, the Committee shall render its judgment and may impose any or all of the following sanctions as it, in its sole discretion, deems just and warranted: i. Admit of an apology and/or reparation. ii. Imposition of a fine in an amount to be determined depending on the severity and gravity of the charge and or whether the accused has been involved in repeated violations as here in referred to. (Amended March 31, 2004)
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iii. Suspension of privileges for a period of time as the Committee may deem just, but not to exceed twelve (12) months, where the misconduct is of a repeated nature and is such as to be considered disorderly, injurious or hostile and against the better interest or objectives of the Association and its members. (Amended March 31, 2004) f) There shall be a ten (10) day grace period, from the date of the Committee’s Notice of Judgment, for the accused to pay the fine imposed (if any), or to make reparation or furnish an apology before such person may be declared “not in good standing” by the Committee. g) When “suspension of privileges” is invoked by the Committee, the Board of Directors shall first approve such a suspension before it becomes effective. The Board may approve or disapprove the suspension of privileges or impose an alternative sanction or remand the matter back to the Committee with such directives as the Board may deem fit and proper. h) The accused shall have the right, within ten (10) days of the receipt of notice of the decision of the Committee to appeal in writing to the Board for review of the matter on the following grounds only: i) On the appeal, the Board shall limit its inquiry to a review of the regularity of the proceedings, whether the proceedings were conducted in good faith, and whether or not the accused was accorded a full and fair hearing. ii) The Board will not entertain any appeal that does not specifically comply with its appellate procedures on forms provided for this purpose, or that involves or seeks reconsideration of the charges, the evidence or the Committee’s decision or its findings on the merits. However, reconsideration may be allowed where the Board determines that new material evidence, which appellant proves to the Board’s sole satisfaction, was not previously available for the hearing and has since been made available to the accused. iii) In its sole and absolute discretion, the Board may, for good cause shown for the above-stated reasons on such appeal, modify the judgment or sanctions previously rendered. PURPOSE: Update the term “Chief of Security” to “Director of Public Safety” which is the currently used title, and updating “The Hideout” to “the Association” for consistency in definitions and terminology.
ARTICLE IX. FINANCIAL MANAGEMENT Section 3. Preliminary Budget ARTICLE IX Financial Management Section 3. Preliminary Budget By June 1st of each year, the Community Manager shall prepare preliminary budgets, as designated below, for the next succeeding calendar year, to be presented to a Budget Committee for its review and recommendations. a) Annual Operating Expense Budget b) Annual New Capital Expense Budget c) Annual Revenue Budget d) Annual Capital Reserve Fund Budget The Budget Committee shall consist of not less than five (5) and not more than nine (9) members appointed by the Board plus any current Board Candidates who shall be appointed to serve on said Budget Committee by the Board of Directors. The Budget Committee shall review each of the preliminary budgets as submitted to make its recommendations, if any, as it deems necessary in the best interests of the Association, so that each of the preliminary budgets shall be submitted by the Budget Committee along with any
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recommendations to the Board by June 30 of each calendar year. The proposed budgets, after submission to the Board for review, modification, and approval, and prior to being adopted and accepted as final budgets by the Board, shall be incorporated into a single Proposed Budget and published for a period of not less than thirty (30) days to allow the members of the Association an opportunity to review same and to comment thereon, either at hearings held therefor or through such other means as the Board may determine. (As amended October 1989) (Amended March 31, 2004) (Amended June 16, 2020) RECOMMENDED CHANGES ARTICLE IX Financial Management Section 3. Preliminary Budget By June 1st of each year, the Community Manager shall prepare preliminary budgets, as designated below, for the next succeeding calendar year, to be presented to a Budget Committee for its review and recommendations. a) Annual Operating Expense Budget b) Annual New Capital Expense Budget c) Annual Revenue Budget d) Annual Capital Reserve Fund Budget The Budget Committee shall consist of no less than five (5) and not more than nine (9) members appointed by the Board. In addition, the Board of Directors will invite any current Board Candidate to attend the Committee’s meetings as a non-participating/non-voting guest to observe and understand the budget process. The Budget Committee shall review each of the preliminary budgets as submitted to make its recommendations, if any, as it deems necessary in the best interests of the Association, so that each of the preliminary budgets shall be submitted by the Budget Committee along with any recommendations to the Board by June 30 of each calendar year. The proposed budgets, after submission to the Board for review, modification, and approval, and prior to being adopted and accepted as final budgets by the Board, shall be incorporated into a single Proposed Budget and published for a period of not less than thirty (30) days to allow the members of the Association an opportunity to review same and to comment thereon, either at hearings held therefor or through such other means as the Board may determine. (As amended October 1989) (Amended March 31, 2004) (Amended June 16, 2020) PURPOSE: To clarify the Role of Board Candidates as non-participating/non-voting guests as opposed to full voting members of the Budget Committee to streamline the budget process and familiarize potential new Board members with the budget.
ARTICLE IX. FINANCIAL MANAGEMENT Section 9. Capital Reserve Fund Assessment Article IX Financial Management Section 9. Capital Reserve Fund Assessment a) The annual charge levied by the Board for the Capital Reserve Fund shall not be used to meet anticipated operating expenses for the ensuing year, but will be transferred by the Board to the Capital Reserve Fund for major repair and capital replacement of the Common Area. b) Capital Reserve Fund amounts shall be in accordance with the annual updated schedule of reserves certified as part of the annual budget of the Association provided in this ARTICLE IX. The said Capital
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Reserve Fund amounts shall cover, without limitation, all real property and improvements thereon, furniture, fixtures, roads, vehicles and equipment owned by the Association. Said schedule shall include, without limitation, all fixed asset items of or over Five Hundred ($500.00) Dollars in value or items of or over an aggregate value of Two Thousand Five Hundred ($2500.00) Dollars. c) The Treasurer of the Association shall place all such Capital Reserve Fund amounts to capital and transfer all monies presently held in reserve to one or more interest bearing accounts, which accounts shall be accounted for separately. d) Withdrawals from the Capital Reserve Fund shall be authorized by an affirmative vote of the majority of the Board as part of the annual budget process or in a “declared emergency,” which shall be defined in a policy statement of the Board before funds may be expended. e) Withdrawals from the Capital Reserve Fund shall be only for restoration, repair and replacement of existing capital improvements, not for new facilities or additions or improvements to existing facilities or property. f) Upon authorization of the Board, the Capital Reserve Fund may be used as collateral for loans or projects for the purposes set forth in Section 9.e) above, so long as the unencumbered portion remaining in the Capital Reserve Fund is sufficient to meet One Hundred Twenty (120%) Percent of the reserve requirements during the period of the loans or projects. g) So long as the portion remaining in the Capital Reserve Fund is sufficient to meet One Hundred Twenty (120%) Percent of the reserve requirements during the period of the loan, the Board may borrow against the Capital Reserve Fund for current operations, provided such loans are repaid to the Capital Reserve Fund within two (2) years with interest at the then current rate of interest in the interest-bearing account set forth in Section 9c) herein above. h) Authorized signatories for the Capital Reserve Fund shall be those designated by Resolution of the Board of Directors. (As amended March 18, 1984) (Amended March 31, 2004) RECOMMENDED CHANGES Article IX Financial Management Section 9. Capital Reserve Fund Assessment a) The annual charge levied by the Board for the Capital Reserve Fund shall not be used to meet anticipated operating expenses for the ensuing year, but will be transferred by the Board to the Capital Reserve Fund for major repair and capital replacement of the Common Area. b) Capital Reserve Fund amounts shall be in accordance with the annual updated schedule of reserves certified as part of the annual budget of the Association provided in this ARTICLE IX. The said Capital Reserve Fund amounts shall cover, without limitation, all real property and improvements thereon, furniture, fixtures, roads, vehicles and equipment owned by the Association. Said schedule shall include, without limitation, all fixed asset items of or over Five Hundred ($500.00) Dollars in value or items of or over an aggregate value of Two Thousand Five Hundred ($2500.00) Dollars. c) The Financial Manager of the Association shall place all Capital Reserve Funds in segregated accounts intended for the best interests of The Hideout Association. d) Withdrawals from the Capital Reserve Fund shall be authorized by a majority vote of the Board as part of the annual budget process or in a “declared emergency,” which shall be defined in a policy statement of the Board before funds may be expended. e) Withdrawals from the Capital Reserve Fund shall be only for restoration, repair and replacement of existing capital assets, not for new facilities or additions or improvements to existing facilities or property. f) Upon authorization of the Board, the Capital Reserve Fund may be used as collateral for loans or projects for the purposes set forth in Section 9.e) above, so long as the unencumbered portion remaining in the Capital Reserve Fund is sufficient to meet One Hundred Twenty (120%) Percent of the reserve requirements during the period of the loans or projects.
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PURPOSE: Adjust the investment policy for capital reserve funds so they may be placed in any beneficial account as opposed to limiting to “interest bearing accounts” and update term Treasurer to Financial Manager and adding required approval for checks and balances. Removing the opportunity to take a loan against Reserve Capital Funds.
ARTICLE IX. FINANCIAL MANAGEMENT Section 10. New Capital Reserve Fund Article IX Financial Management Section 10. New Capital Reserve Fund The Association shall maintain a "New Capital Reserve Fund." All revenues budgeted for "new capital reserves" annually by the Board of Directors shall be collected in this fund. All new capital expenditures shall be charged against this fund. The budget for new capital expenditures in any year shall not exceed 80% of the total of the prior year’s year-end balance and the new capital reserve fund balance. New capital reserve funds shall be used to fund new capital assets or for additions to or improvements of existing capital assets of the Association. The Association shall not incur new capital expenditures totaling more than 80% of new capital reserves without the majority approval of the Membership. (Amended March 31, 2004) RECOMMENDED CHANGES Article IX Financial Management Section 10. New Capital Reserve Fund The Association shall maintain a “New Capital Reserve Fund”. All revenues budget for “New Capital Reserves” annually by the Board of Directors shall be collected and held in this fund. All new capital expenditures shall be charged against this fund. The budget for new capital expenditures in any year shall not exceed 80% of the total of the prior year’s year-end balance and the new capital reserve fund balance. New capital reserve funds shall be used to fund new capital assets or for additions to or improvements of existing capital assets of the Association. The Association shall not incur new capital expenditures totaling more than 80% of new capital reserves without the majority approval of the Membership. (Amended March 31, 2004) PURPOSE: Adds the words “and held” after collected to clarify instructions. ______________________________________________________________________________ ARTICLE X. BOARD OF DIRECTORS Section 15. Interested Directors ARTICLE X Board of Directors Section 15. Interested Directors a) General Rule - No contract or transaction between the Association and one (1) or more of its members, Directors or officers or between the Association and any other corporation, partnership, association, or other organization in which one (1) or more of its directors or officers are directors or officers, or have a
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financial interest, shall be void or voidable solely because the member, director or officer is present at or participates in the meeting of the directors which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if: 1) The material facts as to his relationship interest and as to the contract or transaction are disclosed or are known to the Board and are in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested Directors even though they are less than a quorum. 2) The material facts as to his relationship or interest and as to the contract or transaction are disclosed and are known to the members entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of such members; or 3) The contract or transaction is fair as to the Association as of the time it is authorized, approved or ratified by the Board of Directors or the members. b) Quorum - Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board which authorizes a contract or transaction specified in subsection a) of this Section. RECOMMENDED CHANGES: ARTICLE X Board of Directors Section 15. Interested Directors Board members are restricted from personally being a part of any contract or any business transaction with The Association. Each candidate, at the time they submit their letter of interest to run for a Director position on the Board is required to sign an affidavit that states, if elected, they as an individual contractor, consultant or investor/owner/interested party in a business will be restricted from doing business (bid on any contracts render any supplies, equipment or services) with The Association at any time during their tenure on the Board. All sitting Board members bring unique life skills, business experiences and expertise to the Board which are welcomed and drawn upon freely as part of their participation as an active Board member dedicated to the good of The Association. PURPOSE: Consolidate subsections into one paragraph and add prohibition of Board Members entering into contract with The Hideout to prevent perception of impropriety or financial gain from being a Director or officer on the Board. ______________________________________________________________________________
ARTICLE X. BOARD OF DIRECTORS Section 16. Fidelity Bonds ARTICLE X Board of Directors Section 16. Fidelity Bonds The Board of Directors shall require that all officers and employees of the Association handling or responsible for Association funds shall furnish adequate fidelity bonds. The premiums on such bonds shall be paid by the Association. RECOMMENDED CHANGES: ARTICLE X, Section 16 shall be deleted as it is covered by POA insurance rather than a bond. Therefore, Sections 17, 18, 19 and 20 will be renumbered 16, 17, 18 and 19 respectively.
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ARTICLE X. BOARD OF DIRECTORS Section 19. Compensation ARTICLE X Board of Directors Section 19. Compensation The Directors shall not receive compensation for their official services for the Association; however, reimbursement for reasonable expenses incurred for their official duties may be allowed with the approval of the Controller and the Treasurer. The Directors shall not be employees of the Association. (As amended December 1999) RECOMMENDED CHANGES: ARTICLE X Board of Directors Section 19. Compensation The Directors shall not receive compensation for their official services for the Association; however, reimbursement for reasonable expenses incurred for their official duties may be allowed with the approval of the Financial Manager and Community Manager. The Directors shall not be employees of the Association. (As amended December 1999) PURPOSE: Update the title of persons authorized to reimburse Directors to the current titles. _____________________________________________________________________________
ARTICLE XI. THE OFFICERS ARTICLE XI THE OFFICERS Section 1. Officers The officers of the Association shall be Chairman of the Board, President, and one (1) or more Vice Presidents, Secretary, Treasurer and such other officers and assistant officers, as the Board may, from time to time, elect. All Officers, except for the Secretary of the Corporation and the Assistant Secretaries, must be members in good standing of the Association. Except for the positions of Secretary and Assistant Secretaries of the Corporation, no Officer may be an employee of the Association. Association Officers who are also employees may receive compensation for their employment, but not for their duties and services as Officers. No Officer may hold more than one office, except in a situation whereby no other Directors were willing to serve in the vacant office. In any event, the President and the Secretary may not hold any other office. Selection of Association Officers shall be by majority vote of the Directors then in office. (As amended December 1999) (Amended March 31, 2004) Section 2. Chairman The Chairman shall preside over all special and regular meetings of the Board as well as meetings of membership. The Chairman shall act in the absence of the President, or in the event of his inability or refusal to act.
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Section 3. President The President shall be the General Managerial officer of the Association, and shall be vested with the powers and duties generally incident to the office of President of a non-profit corporation, or as may be otherwise set forth in these Bylaws. The President must be a Director. (As amended December 1999) Section 4. Vice President In the absence of the President or the Chairmen, or in the event of their inability or refusal to act, the Vice President designated by the Board of Directors is empowered to act and shall thereupon be vested with the powers and duties of the President. Section 5. Secretary The Secretary of the Association shall keep the minutes of the business and other matters transacted at the meeting of the members and of the Board. He shall mail or cause to be mailed, all notices required in the Bylaws. He shall have the custody of the corporate seal and records and maintain a list of the members and their addresses and perform all other duties incident to the office of Secretary. Section 6. Treasurer The Treasurer shall have custody of the funds of the Association, collect monies due, pay the obligations of the Association out of its funds, and perform such other duties as are incident to the office of Treasurer. The Board shall require that the Treasurer be bonded for such amount and under such conditions as the Board shall require. RECOMMENDED CHANGES: ARTICLE XI THE OFFICERS Section 1. The Officers 1. All officers must be members in good standing of The Hideout Association and must also be a Director. Except for the position of Assistant Secretary, no officer may be an employee of The Hideout Association and shall serve without any compensation. No officer may hold more than one office, except in a situation whereby no other Directors are willing to serve a vacant office. In any event, the President and Secretary may not hold any other office. 2. The officers of The Hideout Association shall be the Chair of the Board, President, Vice President, Secretary, Treasurer and such other officers and assistant officers as the Board may from time to time elect. 3. The selection of the best qualified Association Board Officers shall be by the majority vote of the current Directors. The Directors, in executing their fiduciary duty, will nominate individuals who are best qualified to successfully carry out the duties of the position(s). Each candidate should possess the skills, experience, desire to serve and be willing to commit the time and energy required to successfully fill the position. Section 2. Chair The Chair, in addition to being called upon to fulfill their generic duties of an active Director on the Board will perform the following specific responsibilities required of their position: a) The Chair, in conjunction with other Board Directors and the Community Manager, will create the agenda for all Board workshop, executive and special meetings and all regular and special membership meetings. b) The Chair will preside and maintain order over all Board workshops, executive and special meetings. They also preside, maintain order over and provide a reasonable
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time/opportunity for Association members to ask questions and express their concerns during all regular and special membership meetings. c) The Chair will, if the President and the Vice President of the Board are both absent, or in the event they are both unable or refuse to act, assume the authority and responsibilities of the President/Vice President during this time. The Chair is the Board advocate for our Association’s Volunteer Committees and as such is: d) Responsible to organize, support and guide our volunteer committees. e) Collects and evaluates input from their fellow Directors based on their interactions, observations of their assigned committees. f) Will ensure that all committee forwarded CMRs are properly processed, reviewed and presented to the Board for needed action. g) Will host an annual meeting of all the Committee Chairs to review past, present and future work activities/concerns/recommendations. Section 3. President The office of the President of the Board of Directors is a critical managerial position that requires strong people skills and organizational skills with excellent management and business skills. The President, in addition to being called upon to fulfill the generic duties of an active Director on the Board, is the primary link between the Board of Directors and the Association management team. As such the President’s responsibilities include, but are not limited to, interactions with the Community Manager with regard to personnel matters, legal matters, emergencies, member concerns and policy matters established by the Board. In fulfillment of this responsibility the President, will (at least weekly) discuss concerns, exchange ideas and provide needed support. These sessions also provide the President the opportunity for observations required for the written performance review of the Community Manager. The President will also communicate with our legal counsel, as needed. The President is the Board officer responsible for investigating any and all complaints against any other Board member/s for any inappropriate actions/activities and, if needed, ensure the correct disciplinary action is administered. Section 4. Vice President The Vice President, in addition to being called upon to fulfill the generic duties of an active Director on the Board, is, in the absence of the President or the Chair or in the event of their inability or refusal to act, designated by the Board of Directors and empowered to act and shall thereupon be vested with the powers and duties of the President/Chair. Based on the potential that the Vice President can be called upon to fill these important roles, it is important that the Vice President candidates be nominated and chosen based on their possessing strong leadership and managerial skills. It is also necessary that the Vice President have regular interactions with the President and Chair so as to be well informed of critical items, events, etc. Section 5. Secretary The Secretary, in addition to actively participating in general Board functions, duties and activities, is responsible for ensuring that all the Association’s governing documents and operational process documentation is current and maintained. As the Association’s “Chief Document Officer” they, working closely with the administration team will verify that quality controls are in place to ensure all required documents and processes are current, updated and measured. Section 6. Treasurer The Treasurer of the Hideout Association is insured as per the guidelines established by the Board and the POA’s accounting firm. The Treasurer, in addition to actively participating in general Board functions, duties and activities, is responsible for the following:
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a) In coordination with the Financial Manager and Community Manager will meet monthly to review all funds distribution. b) Sign checks as required in conjunction with authorized Board and staff members according to best financial practices. c) Must perform monthly bank, investment account and budget performance reviews and report on same to the Board at the monthly Board Workshop Meetings. d) Shall serve as Board’s non-voting liaison to the Budget Committee. e) In cooperation with the Financial Manager, will, at the Annual Meeting, present an analysis of our financial status and fiduciary obligations. PURPOSE: To clarify the roles/duties of the officers of the Board of Directors to accurately reflect current practices. _____________________________________________________________________________________
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