By Karen Billing
After several years of the finance committee requesting a formal charter to provide guidance on how to operate, the Rancho Santa Fe Association board approved the committee’s charter at its Sept. 4 meeting.
The charter details the composition, terms, purpose and general duties of the finance committee. Committee duties include reviews of the budget and investment portfolios, monitoring financial performance of the Association’s divisions and reviews of capital expenditures of $5,000 or more and acquisition or sale of real property.
The committee’s regular, monthly meetings are open to members of the Association.