FINANCIAL MANAGEMENT COMMITTEE (FMC)

This Committee includes the Chief Financial Officer, the Treasurer, a Board Liaison, a Club Manager, and the Club Accountant, none of whom may serve as the Chair of the Committee, except in the absence of the Chair. It includes other Owners who have some qualified experience in financial management practices, knowledge of generally accepted bookkeeping/accounting principles, and auditing systems required for the CDOA.

This Committee is responsible to regularly review all financial reporting documents, whether generated internally or from contracted external sources, to confirm that the financial operations of the CDOA are being properly managed and that required accountability for utilization of financial resources is being maintained and/or enhanced. This Committee works with the Club Management Team, and with specific input from some of the other committees on certain budget line items, to develop a timely and comprehensive Annual Budget Proposal that is in accordance with the financial capabilities of the CDOA, and in conformance with the overall Goals and Objectives as established by the Board of Directors.

This Committee is responsible for recommending the CPA resources necessary to properly conduct the Annual Review of CDOA Financial Operations, and the independent annual Reserves Study. Also, the interviewing, screening and recommending of any external resources involved in the accounting, banking, bookkeeping, payroll, accounts payable, tax preparations, and receivables transactions of the CDOA may be conducted by this Committee.

Volunteering

Executive Committee EC)

Financial Management Committee (FMC)

CC&R's/Bylaws & Rules Committee (CBR)

Risk Management Committee (RIM)

Human Resources Management Committee (HRM)

Marketing & Business Development Committee (MBD)

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