Finance Committee Meeting 4/14/26

Twin Towers Homeowners Association, Inc.
Finance Committee Meeting

Atlantic Room
2020 N. Atlantic Ave
Cocoa Beach, FL 32931

WHEN: Tuesday April 14, 202
TIME: 1 PM

AGENDA

• Call Meeting to order
• Certify the posting of the meeting
• Introduction of Finance Committee Members
• New Business

1. 1. Signing limit for BOD President (currently unrestricted)
   2. Signing limit for Manager (currently $1,000)
   3. Reserves; Breakdown of each account and related Bank Accounts
   4. Bidding of contracts over 5% of annual budget
   5. Use and approval of Association credit card
   6. Balcony project North Building; CRI contract
   7. Balcony project South Building; anticipated costs
   8. Special Assessment; status of 2023 $ and funds not used
   9. Controls for A/R; i.e. check processing, application to owner, statements
   10. Controls for A/P; i.e. invoice approval, expense coding, auto-pays, item description noted in accounting software
   11. Controls for Payroll; i.e. protocol for employee raises
   12. Monthly or quarterly reports to owners with variance explanation
   13. 2027 Budget preparation, budget workshop
   14. Separate email for matters pertaining to finances
   15. Job Descriptions (matter carried over from last year’s committee)
   16. Manual (matter carried over from last year’s committee)
   17. Committee members additional matters

• Owner discussion
• Adjournment