Finance Committee

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 2016 Update

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

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

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

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...]

Union Bank Online Bill Pay

Visit HOA Bill Online – For questions please call 866-768-2977 or the number shown on the webpage for assistance.   … [Read more...]

Finance Committee Mid-Year Report

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

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...]

Interested in the financial health of Niguel Shores? Have the time and desire to get involved?

The Finance Committee is looking for at least one new member that has the flexibility and talent to participate in the Finance Committee and Investment Committee. These Committees meet once a month, usually the fourth Monday of the month and late in the afternoon.  The ideal person for these Committees would have current or recent P&L … [Read more...]

Finance Committee Update

The Finance Committee is reaching out to the major committees with significant budgets to get a fiscal picture during the year versus a fiscal picture only at the end of the year during budget process.  Recently the Landscape Chairperson and a member from the Landscape staff briefed the Finance committee on the status of their budget and items that … [Read more...]