BOARD OF DIRECTORS • The Foundation Board of Directors consists of seven members. • Board members are elected by the community at large. • Directors serve three-year terms, and are staggered 2-2-3. Director positions are available in a three-year cycle. COMMITTEES • The Foundation currently has five standing committees. • Articles in the Pelican Bay Post solicit expressions of interest and volunteers from the community when appointments are considered. • Appointments are approved by the Board. BUDGET SCHEDULE • The Audit and Budget Committee meets in late June to review and approve the budget for recommendation to the Board. • Board approval occurs at the August Board meeting. ANNUAL ASSESSMENT • The annual assessment, which includes an annual operating assessment and an assessment for the Replacement Reserve Fund, is due Oct. 1 each year and is payable as of Jan. 1 of the succeeding year. • Two assessment billing options consist of annual and quarterly payments. THE PELICAN BAY FOUNDATION ORGANIZATIONS IN THE BAY Pelican Bay Member Guide 2023 100 PelicanBay.org
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