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Download Proxy Vote for 2006 Purpose of the Board of Trustees The purpose of the Board of Trustees is to allow for elected representatives of all owner/members to set forth and administer policies and procedures and to make managerial decisions affecting the operation and maintenance of Association business and all commonly held real property. The members of the Board of Trustee are recognized by the State of Ohio as officers of the Corporation (Marina Homeowners Association) and have the authority to enter into contractual obligations, carry out and enforce all provisions of the Declaration, Articles of Incorporation and By-Laws. Some of the Responsibilities of Your Board of Trustees • Establish the policies and regulations that govern the Association. • Approve the Operating Budget and all expenditures made by the Association. • Set the amount of the annual assessment. • Maintain the common areas and structures located on common property. • Keep a complete record of corporate affairs and report to the Homeowners. Duties of Officers: President The President shall preside at all meetings of the Board of trustees, shall see that orders and resolutions of the Board are carried out, and shall act as Chief Executive Officer. The President runs the Annual Meeting as well as the Board Meetings throughout the year. Typical responsibilities include: co-signing on the Marina checking account, oversight for projects (pool interior resurfacing, auditing, insurance, etc.), working with county officials, and responding to questions or concerns from the homeowners. Vice President The Vice President shall act in the place of the President in the event of his absence. This position requires only a small amount of your time each month. Secretary The Secretary shall record the votes and keep the minutes of all meetings, serve notice of meetings of the Board and the Members, serve notice of meetings of the Board and Members; keep appropriate current records showing the members of the Association together with their addresses, and shall perform such other duties as required by the Board. Treasurer The Treasurer shall receive and deposit in appropriate bank or savings and loan accounts all monies of the Association and shall disburse such funds as directed by resolution of the Board of Trustees. This position files appropriate tax returns, keeps proper books of accounts, causes an annual audit of the Association books at the completion of each fiscal year; and shall prepare an annual budget and a statement of income and expenditures to be presented to members at its regular Annual Meeting, and deliver a copy of each to the Members. Social Chairperson The Social Chairperson shall have the responsibility for maintaining up-to-date procedures for: annual social planning meeting and activities management, management of social budget, street captains, newsletter editor, homeowner’s handbook. |
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