By Robert “Bob” O. Jester
Finance Advisory Committee Chair
As published in The View, April 2022:
I prepare this article having been selected to lead the Finance Advisory Committee (FAC) on March 1, 2022, upon the acceptance of the resignation of the current Chair, Larry Helseth. I have some very big shoes to fill because Larry had a long and accomplished career as a Certified Public Accountant and had previously served for several years on the Finance Advisory Committee. I will not pretend to have the financial knowledge of any of my predecessors in the position of Chair, but I do commit to this community that I will do my best to lead the committee to accomplish its assigned tasks under the FAC Charter.
I have begun the transition process by redesigning the structure of the committee to profit from the vast professional and job experience of its current members. I have appointed Vice Chairs from the committee membership to take the lead in each area assigned to the FAC by its charter. Those areas are Financial Analysis, Audit and Taxes, Budgets, Contracts and Compliance, Investments and Replacement Fund, Insurance, and the Sub-Committee of the FAC that reviews all expenditure requests in excess of $5,000.. I will be asking each of these new Vice Chairs to introduce themselves to you over the next months and to provide you with their insights about the various functions of the FAC.
I know that many of you have questions about the oversight of the Association from a financial standpoint, so we always invite any questions that you might have. We are also in real need of another Certified Public Accountant to join our committee.
This committee is here to maintain the financial stability of our community in the face of the financial demands placed on the Association to provide security, a quality community appearance, and worthwhile amenity offerings for the benefit of our citizens. This committee promises to always be your “Financial Watchdog.”
Contact the author at finance@scshca.com.