Policy 06 - Financial Review Committee

Revision Date:

Original Date Established: April 10, 2006

Source: Road Agreement

Objective: To establish an independent financial review committee to review and report on Committee financial records.

Policy and Procedure:

The Committee hereby establishes an annual independent Finance Review Committee to review Committee financial records. The Committee shall consist of a Road Committee member, the Bookkeeper and two volunteer property owners appointed by the Committee. The Road Committee member and the Bookkeeper will facilitate the work of the community members, but the annual report to the Community will be prepared and presented by the Committee’s two Community members. The financial review committee shall present a narrative of its findings at the annual meeting.

The policies of the Rancho Heights Road & Management Committee have been established in accordance with the Declaration of Restrictions and Road Maintenance Agreement recorded at the County of San Diego Document #73-01969 section 9.

Policies are intended to serve as a framework for the Committee’s decision-making process and shall not be construed in any manner to restrict the decisions of the Committee in any specific circumstance. All circumstances will be evaluated on a case by case basis and policies shall be interpreted and applied by the Committee per it’s authority granted by the Declaration of Restrictions and Road Maintenance Agreement. All decision made by the Committee are binding and final.

Policies and Procedures are subject to revision at the discretion of the Road committee.

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Policy 06 - Financial Review Committee