Board Committees Edit page

Board Committees for the Hollows at Loch Lea

Board Committees were developed to aid the Board in its role as a fiduciary entity to more fully protect the residents of the Hollows' HOA. It would be proper for each of these committees to have three to five members with one person being a Board member who acts as the Chair and liaison to the Board. The Board member will be chosen and approved during the Board organizational meeting. All nominees for committee membership will be reviewed by the Board for appointments. The committees will have no authority to commit the HOA to any contractual or financial obligations. 

A. Governance Committee:Go 

• To review the Bylaws and Declaration and recommend Board to take proper action to meet those rules or to change, as necessary. 
• To provide guidance on rule changes needed to update current bylaws and interpretations to meet changing community needs.

B. Finance Committee:

• To review Financial Statements and Reports prepared by Management and to advise the Treasurer of anomalies or issues.
• To review and assist the Treasurer in the formation and implementation of Financial Policies to assure adequate internal controls and the integrity of Financial Statements.
• To review and advise the Treasurer on Hollows’ custodial arrangements and investments to optimize returns and compliance with Board guidelines. 
• To review the Budget plan and timeline with the Treasurer and Property Manager, to assure the budget is timely, clear, and accurate. Assist, if needed, in presenting the budget to residents.
• To periodically review Reserve Studies so they are being fulfilled on a timely and accurate basis.
   

C. Landscaping/Grounds Committee:

• To recommend to the Board short and long-term projects to maintain or improve the landscaping or infrastructure of the Hollows at Loch Lea. 
• To assist the Board and Management in maintaining a list of qualified contractors and assist in the RFP process.
• To help provide a “Master Plan” for common area maintenance and improvement.  

D. Communications and Engagement:

• To check, review, and make suggestions about communication mechanisms used or needed in the Hollows. 
• To provide special attention to the Hollows website (e.g., content suggestions, improving usage, and/or other enhancements) and other means of keeping neighbors informed.
• To review and make suggestions about how to foster resident engagement in the work, governance, and social aspects of the Hollows community.

Approved 2025