Finance Committee
FRMD Finance Committee Openings
There are two openings on the FRMD Finance Committee. You must be a resident of FRMD 2 or FRMD 3 to be a member. At least one of the openings must be filled by a resident of FRMD 3.
Members of the FRMD Finance Committee review, assess, and monitor the District’s financial statements. They also make recommendations to the Boards regarding the District’s financial health and FRMD financial systems and processes. In addition, they work with the District’s accountant, service providers, and District committees to develop the annual budget.
Candidates should have some experience with understanding financial statements, budgets, debt issuance/management, or auditing (either internal or financial).
If you have questions about the openings or are interested in joining, please contact Al Plumhoff at [email protected].
There are two openings on the FRMD Finance Committee. You must be a resident of FRMD 2 or FRMD 3 to be a member. At least one of the openings must be filled by a resident of FRMD 3.
Members of the FRMD Finance Committee review, assess, and monitor the District’s financial statements. They also make recommendations to the Boards regarding the District’s financial health and FRMD financial systems and processes. In addition, they work with the District’s accountant, service providers, and District committees to develop the annual budget.
Candidates should have some experience with understanding financial statements, budgets, debt issuance/management, or auditing (either internal or financial).
If you have questions about the openings or are interested in joining, please contact Al Plumhoff at [email protected].
Mission
The Finance Committee is established for the purpose of reviewing various financial matters concerning the Districts, including budgets, audits and financing matters and to further make recommendations to the Boards regarding such matters.
The focus for 2024 from the FRMD 2024 Business Plan:
The Finance Committee is established for the purpose of reviewing various financial matters concerning the Districts, including budgets, audits and financing matters and to further make recommendations to the Boards regarding such matters.
The focus for 2024 from the FRMD 2024 Business Plan:
- Finalize and oversee the 2024 Annual Business Plan.
- Spread 2024 final budget by quarters.
- Review quarterly Financial Statement and budget variances.
- Oversee 2023 independent audit.
- Conduct an updated Reserve Study
- Plan and oversee the 2025 budget.
- Initiate actions to combine the District 1 Reserve Study Fund and Capital Projects Fund for the 2025
- Produce the 2025 Budget.
- Track bond compliance requirements.
- Project out capital and repair needs for the next 5 years using the to-be-updated Reserve Study and working with the Retreat & Pool Committee, the District Engineer, and the Community Manager.
- Develop 3-5-year strategic projection of revenue and expenses.
- Monitor and analyze the Special Revenue Fund balances relating to Private Access Area Policy.
Finance Committee
Al Plumhoff - Chair
Gerry Reese
David Wilson
Mike McCleary - Board Liaison
*Anyone interested in joining the committee team should contact Mat Birkeness at [email protected].
Al Plumhoff - Chair
Gerry Reese
David Wilson
Mike McCleary - Board Liaison
*Anyone interested in joining the committee team should contact Mat Birkeness at [email protected].