Board of Directors
The association's Board of Directors are homeowners who volunteer their time and energy to maintain the value of the properties and assist in creating a good quality of life for the residential community. They often enforce the rules and establish and keep the budget for the association. Depending on the management agreement, some of the following responsibilities can be turned over to a managing company.
President
- Chief executive officer and leader of the association
- Presides at all meetings of the board and membership
- Executes legal documents on behalf of the association
- Sets meeting agendas and controls all meetings
- Represents the board before the residents
Vice President
- Performs all of the duties of the president in his/her absence
- Typically shares some of the burden of the president regarding appearances, liaison, public hearings, etc.
- Usually assigned liaison responsibility to specific staff or contractors, and to specific committees
Secretary
- Prepares and distributes board and membership meeting agendas, minutes, and materials referred to in minutes
- Maintains minutes and book on all meetings
- Maintains book of resolutions
- Maintains all official records, including official correspondence, contracts, membership roster, etc.
- Receives, verifies, and maintains all proxies
- Attests, by signature, to the legitimacy of certain documents
Treasurer
- Works with appropriate staff, contractors, and committees to develop and submit annual operating budget for approval
- Maintains adequate records of all association financial transactions
- Maintains roster of disbursement of funds, as authorized
- Prepares periodic financial reports
- Arranges, subject to board approval, an independent audit of financial affairs
Member at Large
- Voting member of the board
- Fulfills duties as assigned by the President or by the board