Egrets’
Cove Common Agreement
On
Finances
As noted in our
By-laws, this Common Agreement serves as a guideline, and therefore is open to
renegotiation at any time.
Interests and
Principles we are trying to serve with this agreement
We are a community of fellow travelers. We trust one another and we
trust one another in our financial dealings. Each member will act in a way that
is fiscally responsible to the interests of the others in the community and of
the community as a whole.
The management of the finances is one of the most sensitive areas
of management of community interests in that we have been taught to see
ourselves in terms of our financial assets. Financial assets are important for
survival and larger social interaction but other assets are more important. The
values of trust and responsibility for others under grid and inform our
financial dealings.
Our Policy
Communal financial decisions are made by the whole community by
consensus at community meetings.
Financial management of community holding and community matters is
the responsibility of the treasurer of the community. As such, he treasurer
will:
- collect, manage and administer the dues assessed
on each adult member
- be
responsible for the preparation of a yearly budget and for its management.
- be responsible for all reports to appropriate agencies about financial matters as required by law.
The treasurer will spend money that the community has on hand.
Acquisition of debt in budgetary matters is generally discouraged. The treasurer
had latitude of spending up to 110% of any budgeted item, as long as the cash
is available.
Community members can be designated for management of certain areas
of the budget, (i.e. building fund).
HOME