OVCA

The Finance Committee  monitors and addresses all matters that have a fiscal impact on the Condominium Association and its property and report their findings monthly to the Board of Directors. With the assistance of the Executive Director, the Finance Committee prepares and recommends an annual budget for submission to the Board of Directors for acceptance; undertake a review, at least annually, of the long-range financial objectives of the Condominium Association and report their recommendations to the Board of Directors; and makes  investments pursuant to the prudent investor rule, subject to change by the Board of Directors.

The House Facilities Committee is responsible for recommending to the Board of Directors rules and regulations for the use and enjoyment of the House Facilities;  reviewing and recommending, in cooperation with the Finance Committee, to the Board of Directors all requests for funding and improvements related to the House Facilities, and (iii) supervision of the activities utilizing the House Facilities, but does not include supervision of paid employees.