Other items
|
Here is more procurement information…
- Affirmative votes by the Board required for authorization by this policy are to be calculated based on full Board voting membership (not just a quorum).
- Affirmative votes by Class A Members for authorization of certain expenditures under this policy requires a two-thirds (2/3) affirmative vote by a quorum of thirty percent (30%) of Class A members, as specified in Florida Statute 720.306(1)(a).
- The Treasurer and PM have the responsibility to monitor and control MRR Reserve fund revenues and expenses to ensure compliance with Association governing documents and Florida Statute 720.303.
- The Board shall designate and document annually, or at such time as a change is made, the individual from the contracted property management services company who is to be delegated the functional authorities of the PM.
- Association funds are only to be utilized for purposes serving the broad-based interests of the Queen’s Harbour community. Activities not controlled or sponsored by the Association utilizing the Association’s common property and amenities are to be funded by the organization utilizing these facilities (e.g., clubs, teams, leagues). (See QHRRP 7000). Authorized use of the Queen’s Harbour Yacht & Country Club Owners Association logo does not provide a basis for designation of an organization or activity as “Association sponsored”.
- Refer to the separate Investment Policy for information regarding authorization parameters for the investment of Association funds in financial instruments.
|
