THREE IMPORTANT REASONS FOR LAS TERRAZAS TO HAVE BUDGET Budgeting is one of the biggest keys to really managing a subdivision's money . Many people in charge of money are often turned off by the simple term budget. They associate it with restrictions and a lot of hassle and headaches. However budgeting can actually save you money, and allow you to have more to spend by helping you to make the most of the subdivision's money. Here are four reasons for Las Terrazas to have a budget.
1. Budgeting helps You Save Money Since Las Terrazas does not have a budget , it saves less money than it could.. This is because when you budget you assign your money to do certain things. 2. Budgeting Doesn't Have to be Restrictive Most people do not like the restrictions that having a budget puts on them. However you decide how much you spend in each category.So if you want to put a large portion of your money towards your parties, as long as you are saving and meeting your other needs, you shouldn’t feel bad about that. Budgeting is not about limiting the fun in your life, but opening up opportunities and money in order to have more fun. 3. IT'S REQUIRED BY LAW. IT'S IN OUR BY-LAWS!
Here's where to find the Board's mandatory duties:
Here are two important duties of the Financial Committee's : Responsible for keeping the financial records of the Association and the liquidation of any and all accounts, liabilities and obligations owing on dues from the Association. By-laws Section 1, c states that the Financial Management committee, shall submit to the Board its Financial Report, analysis and recommend adjustments it may deem appropriate during the regular monthly meeting.
Have written monthly Board Minutes as outlined in our By-Laws, Section 7.
Article VI ,Section 4, C, of the By-Laws. President. The among his other duties the president shall Prepare, in consultation with the appropriate officers and committees, a yearly program of activities and submit an annual report of the operations of the Association to the members at the annual meeting, and to the Board of Directors such statements, reports, memorandum and accounts as may be requested by the latter; and Organize and supervise work groups among the members of the Association. NEVER HAD A WRITTEN,YEARLY PROGRAM. Not too late to start. Such a plan, itself, would make the Board effective. Maybe the Board didn't know about written duties of the president. They do now. They are obligated as a group to have such a planned program implemented.
Responsibilities of the Maintenance Committee in writing from the Deed Of Restrictions and By-Laws.From the Deed Of Restrictions 1. General Provision C2 .Except as may be herein otherwise specifically provided, the LTHAI shall maintain operate landscape and keep in good repair, as the case may be,
1. All portions of the Common Areas, Parks, Forests Reserve, Clubhouse and Recreation Center and improvements thereon, if any;