MLRA Auditing Committee
The MLRA Auditing Committee audits the MLRA financial records and expresses an opinion as to completeness and accuracy of the records. The Auditing Committee is also invited to make recommendations regarding financial procedures in use by the MLRA.
Budget and Finance
The Budget and Finance Committee is an active committee of the MLRA Council. Its members are appointed by the Council and its purpose is defined by the MLRA Constitution (revised 2024). It administers and monitors the funds necessary for the MLRA to function through the Activities Fund. It assures that the MLRA provides a gift to all employees, in lieu of tipping, through donations from the residents to the Appreciation Fund. The Committee generally meets monthly.
Financial Review Committee
The Financial Review Committee (FRC), a committee of residents with diverse financial backgrounds and budgetary experience, has the job of knowing and understanding the finances of Medford Leas based on reports submitted by the administration; knowing and understanding administration operating decisions as they affect residents; and responding to the administration, when appropriate, from a resident perspective. To fulfill the mission, the FRC:
- Meets on a regularly scheduled basis with Medford Leas’ CFO.
- Receives and analyzes Estaugh-approved financial reports, including operating statements, balance sheets, and benchmark indicators.
- Responds to budgetary assumptions and proposals during the budget development process.
Nominating Committee
The Nominating Committee is defined in the MLRA Constitution. All Residents may suggest potential Council candidates to the Committee, who decide on the final slate of nominees for election at the next Annual Meeting.