Finance Committee
Finance Committee Members
- Richard Barnes, Chair
- Tom Hopkins, Vice Chair
- Amy Auslander, Secretary
- Kevin Cheney, Board Liaison
Interested in Joining the Finance Committee?
The Finance Committee is currently seeking new volunteer members.
If you are interested in serving on the committee, please complete the Committee Application Form. Applications may be submitted or dropped off to Finance & Administration:
James (Jim) Grooms
James.Grooms@fsresidential.com
If you have any questions about the committee or the application process, please contact the administrator listed above.
Meetings
The C&M Committee meets monthly on the second Wednesday of each month at 7:00 PM via Zoom, unless otherwise announced. Please refer to the Calendar for the most up-to-date meeting dates, times, locations, and Zoom links.
Mission
The Mission of the Finance Committee is to advise the BCA Board of Directors on matters pertaining to the financial interests and financial viability of the BCA.
Goals
- Review the BCA financial policies annually and make recommendations to the BCA Treasurer and the BCA Board of Directors as needed for changes to the policies.
- Develop and recommend to the BCA Board of Directors each year a budget schedule, an annual budget, and member assessment rates for the association. Each of these items will be submitted to the BCA Board of Directors for final approval.
- Provide assistance to other BCA committees as needed in budgeting operating and capital improvement funds.
- Investigate available options for funding items submitted by other BCA committees.
- Work with the BCA Board and Staff to budget BCA projects.
- Review the BCA’s quarterly financial statements and variance reports and other reports as required, and assist the Treasurer in preparing to report to the Board on these reports.
- Alert the Treasurer and BCA Board as promptly as possible to any unanticipated, unusual, or unbudgeted expenses.
- Meet with the auditor, conducting the BCA annual audit, along with the Treasurer and BCA financial staff, to review and comment on the audit prior to its presentation to the BCA Board.
- Review annually, or more frequently if required, along with the Treasurer and Community Manager, the BCA financial policies, including investment policy and performance.
- Review annually the BCA insurance coverage and make recommendations as appropriate.
- Provide the Treasurer and the BCA Board guidance on the selection of an auditor.
- Meet with the auditor to review and comment on the BCA’s annual tax return and report to the BCA Board any actions required as a result of tax law changes prior to presentation to the BCA Board by the Treasurer.
Organizational Structure and Processes:
The Finance Committee reports to the BCA Board of Directors and operates according to the provisions of this Charter, the bylaws of the Association, the BCA General Policies for Committee Operations, and any other regulations that may be promulgated by the Board from time to time.
At full strength, this committee shall have seven members. The rules governing membership terms, BCA Board liaisons and BCA staff liaisons, and other standards for the operation of this and other BCA Committees are stated in the BCA Board approved document titled Brandermill Community Association General Policies for Committee Operations.