Chair
Tyler Grange
Members
Jay Cook
Nancy Cornish
Jonathan Green
Purpose
To manage, protect and enhance the fiscal assets of the Onset Campgrounds, in compliance with all relevant OBOT policies and procedures.
Responsibilities
- Identify Community of Christ (World Church) and OBOT policies, State laws, and federal, state and local regulations relevant to committee’s work to ensure compliance.
- Establish/maintain procedures to account for all revenues and expenses.
- Establish/maintain financial controls. ! Address and resolve problem financial situations with the OBOT.
- Recommend sale or removal of nonessential assets.
- Recommend appropriate investment policies to the Board.
- Facilitate Board compliance with fiscal policies, including but not limited to, the Minimum On-Hand Funds Policy (3/1/2008) and the Payment Plans to Assist Homeowners Policy (11/18/2006).
- Every five years, beginning in 2021:
- Inspect and review records pertaining to Campground assets and prior capital expenditures, including the Advisory Report prepared in 2010-11 to determine the remaining useful life of such items.
- Establish the estimated costs to replace capital items such as roofs, water heaters, boilers, etc, based on the determined remaining useful life.
- Provide a final report the Board of Trustees to provide guidance on the remaining useful life of Campground assets and the cost of their replacement with a long-term plan including recommendations and procedures for budgeting and replacement of capital assets as needed and necessary.
Cross Committee Collaborations
- Annually, and as needed, consult with every Committee Chair to prepare the budget and to make changes if needed.
- Work with the Cottage Committee to keep a list of people who rent out their cottages.
- Advise other committees as needed or requested, to ensure compliance with budget related portions of relevant policies, including but not limited to:
- The Beautification Committee re: Beautification of Common Areas Policy (3/10/2007)
- The Charitable Concerns Committee Re: Charitable Concerns Policy (3/2/2019)
- The Cottage Committee re: Assessment Fee [Tithing] to Owners who Rent Policy (4/18/2008)
- Advise and assist the Long-Term Planning & Utilization Committee with determining financial requirements and revenue opportunities for any strategic initiatives, facilities or programs they are considering.
- In collaboration with the Rentals Committee, track statistics and financial receipts for usage of all church-owned rental facilities and monitor maintenance costs of rental units and provide input into budget.
- As needed, revise existing policies or draft new policies or procedures related to committee work in collaboration with Governance Committee.