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THE 2009 FINANCIAL ADVISORY COMMITTEE REPORT ON
PROPOSED AMENDMENTS TO THE CONDITIONALLY-APPROVED FISCAL YEAR 2010 OPERATING AND CAPITAL BUDGET
COMMITTEE MEMBERSChair:James Howard, Long ReachVice-Chair:Dan Woodruff, Dorsey's SearchRoger Hultgren, Harper's ChoiceAlan Romack, Owen BrownCOLUMBIA, MARYLANDFEBRUARY 12, 2009
 
The 2008 Financial Advisory CommitteeFebruary 12, 2009Miles CoffmanChair, Planning and Strategy CommitteeColumbia Association, Inc.10221 Wincopin CircleColumbia, Maryland 21044Dear Mr. Coffman,Please accept the attached report from the 2008 Budget Committee on “Proposed Amendmentsto the Conditionally-Approved Fiscal Year 2010 Operating and Capital Budget.”As always, members of the Financial Advisory Committee are available for future consultationregarding this report or other matters the Board of Directors or the Planning and StrategyCommittee require. The other committee members and I sincerely appreciate the opportunity tohave served the Columbia Association and residents as members of the Financial AdvisoryCommittee and on their behalf, I remain,Respectfully,James P. Howard, IIChair, Financial Advisory Committee
 
Proposed Amendments to the Conditionally-Approved Fiscal Year 2010 Operating and Capital Budget1
Charge
The Columbia Association Board of Directors (Board) asked the Financial Analysis Committee(FAC) to review CA staff proposed amendments to the conditionally-approved fiscal year 2010operating and capital budget, covering the period May 1, 2009, through April 30, 2010. TheBoard is interested in the reasonableness of the staff’s projections, calculations, and options.
Conclusion
The Financial Advisory Committee concludes that, on balance, the staff recommendations arereasonable in pursuit of the CA's mission.
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