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Marion scida12/17/2023 ![]() The associations C.C.and R.'s (covenants, conditions and restrictions) and Bylaws set forth the general powers and duties of the Board and the specific limitations upon the Board's powers. The member at large fulfills duties as assigned by the President or by the board.īeing a volunteer member of an HOA board of directors does come with duties and responsibilities. Member at Large - The member at large is the fifth member of the Board of Directors and is a voting member of the board. The treasurer signs all checks of the association is keeper of the books of account cause an annual audit of the Association books to be made by a public accountant at the completion of each fiscal year and prepares an annual budget and a statement of income and expenditures to be presented to the membership in compliance with the civil code, and delivers a copy of each to the Members. Treasurer - The treasurer receives and deposits in appropriate bank accounts all monies of the Association and disburses such funds as directed by resolution of the Board of Directors. The secretary also serves or causes to be served, notice of meetings of the Board and of the Members keeps appropriate current records showing the Members of the Association together with their address, and performs other duties as required by the Board. The secretary is keeper of the corporate seal of the Association and affix it on all papers requiring the seal. The secretary also signs all contracts and other instruments executed in the name of or on behalf of the association. Secretary - The secretary record the votes and keeps the minutes of all meetings and proceedings of the Board and of the Members. Vice-President - The vice-president acts in the place and stead of the president in the event of his absence and exercises other duties as may be required of him by the Board. The president generally signs all contracts and other written instruments and co-signs all checks and promissory notes. The president is ultimatly responsible to see that orders and resolutions of the Board of Directors are carried out. President - The president of the Board presides at all meetings of the Board of Directors. The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. Offices of the Board of Directors and their Duties To get a copy of the governing documents for please contact the board members or property manager listed below. Community-wide there may be hundreds of items the HOA board is responsible for, so check your governing documents. This is just a brief look at a few examples of major projects that the reserve fund may be used for. ![]() Painting of community association buildingsĬonstruction and major renovations such as sidewalk projects and private roads Replacing fencing in HOA controlled areas Playground equipment, clubhouse, neighborhood parks, tennis courts Repairs on community pools and spas such as new pool pumps, pool heaters, pool deck repairs or refinishing etc. Roof replacement on common area buildings such as clubhouses and condominiums The criteria is based on the HOA community rules and regulations, bylaws and accountability. The funds usually have strict criteria for how they are to be used. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. HOA Legal Name: Grace Meadows Homeowner Association
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