Committee Volunteers Wanted—The Finance Committee is seeking new members. If you are interested in volunteering your time to help your Niguel Shores Community, please contact the office for details on duties and meeting times. … [Read more...]
Finance Committee
May 17, 2023 by Leave a Comment
Finance Committee The primary responsibility of the Finance Committee is to assist the Board of Directors in the preparation of the Annual Operating Budget by reviewing budget requests from management and community committees and making recommendations to the Board for expenditures and contributions to the reserve fund. It is also the … [Read more...]
Finance Committee: March 2019 News
February 28, 2019 by Leave a Comment
2018 was a busy year for the Finance Committee. Our long-time Controller, Ivy Hsia, retired in early July. Ivy always led the annual budget and reserve processes that start each July and go through November so this year was more difficult without her experience and expertise. Ivy’s leaving unexpectedly was mitigated by the efforts of a community … [Read more...]
Finance Committee: Financial Results 2017
March 1, 2018 by Leave a Comment
The Finance Committee is pleased to announce that the financial results for calendar year 2017 were very favorable. Income was better than anticipated due to interest income from investments exceeding expectations. Additional expense savings were realized in workers’ compensation insurance, legal fees and no write-off of homeowner accounts. The … [Read more...]
Finance Committee: March 2016 Update
February 29, 2016 by Leave a Comment
The Finance committee is pleased to announce that the financial results for calendar year 2015 were under budget. Income was better than anticipated due in part to investment interest exceeding expectations. We experienced expense savings in utilities, workers compensation insurance, drainage issues, reclaimed irrigation water, reduced bad … [Read more...]
Finance Committee: Summer Update
June 1, 2015 by Leave a Comment
The first quarter of 2015 ended with expenses just under budget. All the staff work very hard to keep our spending within the budget. The Investment committee is focusing on maintaining our investments in safe CD’s and earning as much as possible in this low interest market. They watch to be sure we have enough liquidity to support the projected … [Read more...]
Finance Committee 2014 Year-End
March 2, 2015 by Leave a Comment
The Finance committee is happy to announce that 2014 was a good year. Total spending for calendar 2014 was in line with the 2014 budget. While larger legal expenses were forecasted in 2014 this did not happen due to delays in the litigation for revetment issues. The unspent special legal funds have been rolled over into 2015 when it is expected … [Read more...]
Niguel Shores Mid-Year Financial Update
September 23, 2014 by Leave a Comment
NIGUEL SHORES MID-YEAR FINANCIAL UPDATE As of June 30, 2014 The Niguel Shores Finance Committee is comprised of six owners and meets on a monthly basis to review, monitor and make fiscal recommendations on topics such as budgets, expenses, investments and reserves. The current members of the Finance Committee are: Chair Sue Kichline, Art … [Read more...]
Finance Committee Mid-Year Report
July 31, 2013 by Leave a Comment
NIGUEL SHORES MID-YEAR FINANCIAL UPDATE As of June 30, 2013 The Niguel Shores Finance Committee is comprised of seven owners and meets on a monthly basis to review, monitor and make fiscal recommendations on topics such as budgets, expenses, investments and reserves. The current members of the Finance Committee are: Chair Jeannie Sticher, Art … [Read more...]
Mid-Year Financial Update
August 1, 2012 by
NIGUEL SHORES MID-YEAR FINANCIAL UPDATE As of June 30, 2012 The Niguel Shores Finance Committee is comprised of 6 owners and meets on a monthly basis to review, monitor and make fiscal recommendations on topics such as budgets, expenses, investments and reserves. One of the objectives for 2012 is to provide owners a mid-year update on the 2012 … [Read more...]
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