Bayshore Beach Club – Budget Committee Duties & Responsibilities

1. Prepares the fiscal year budget for board approval, analyzing present and forecasting future capital improvements and operational costs.
2. Reviews monthly financial reports and helps guide the board through the implementation of and compliance with the adopted budget.
3. Provides accounting training and backup for the secretary-treasurer.
4. Works closely with the secretary-treasurer, accountant, and facilities manager to see that the budget is adhered to, and provides assistance in purchasing and inspection of contract work.
5. Solicits proposals for tax preparation services, and serves as liaison between the board and the engaged auditor, to be implemented if the Board of Directors orders a review.
6. Works closely with the board to ensure financial integrity.
7. Timeline for Annual Budget Preparation

February: Committee requests to the Board of Directors
March: Board of Directors requests to the Budget Committee
April: Budget Committee sends draft to the Board of Directors
May: Draft of budget to Annual Membership Meeting
June: Board of Directors final approval

 

Committee Members

Carolyn Gardner – Board Liaison
Mary Lou Morris – Chair
Bill Uhlman
Lynda Claro
Kathi O’Leary, Accountant – ex-officio member