UNDERSTANDING KICA FINANCE
How KICA’s Budgeting Process Works
The process of stewarding millions of dollars annually
to maintain Kiawah Island is lengthy and thoughtful.
Although it’s a truly ongoing process, budget season
officially launches with the creation of the first draft in
early September and commences with final approval by
the board in early November.
To create a first draft, KICA staff evaluate operational
needs and identify potential improvements to the
organization’s functionality, efficiency and services. By
the beginning of September, this draft is refined by
KICA’s Director of Finance and Administration and is
then provided to KICA’s Finance Committee for the
first review.
The Finance Committee is comprised of members of the
community, staff and board members with expertise in
finance and management. Committee members provide
valuable discussion and feedback on all budget items,
analyze numerous scenarios, and make recommendations
for budget revisions. The committee then reports to the
KICA Board of Directors with a briefing.
Staff and the Finance Committee continue through
October with several more drafts and multiple revisions,
meetings, and updates to the board.
In early November, KICA board members gather for
a budget workshop to discuss all items in depth. Final
refinements of the budget are made and a draft is shared
online with the community for input. At the November
board meeting, the annual budget is voted on by the
directors. After approval, the final budget is published
at kica.us/finances.
In addition to active fall budgeting months, KICA’s
Director of Finance and Administration provides
monthly updates throughout the year to the board
and Finance Committee to ensure proper oversight
on execution and spending trends. Monthly financial
reports and annual audits are posted online at kica.us/
finances. KICA is proud to have a record of clean audits.
*KICA Finance Committee and board meetings are
open for community members to attend. View these
community meetings on the KICA event calendar.
THE SANDCASTLE
Lending Library a Community Endeavor
Are you looking to spend the great fall weather on
Kiawah with a companion? Whether your perfect match
is a beach romance, mystery or nonfiction, you can find
a good book to spend your quality time with at The
Sandcastle library.
This community amenity, first started by Sandcastle Book
Club president Peg Russo in 1997, has been a member
favorite for years. The library is truly a community
effort – it’s been tended by a member volunteer from
The Sandcastle Book Club since its founding and all the
books are donated by members. Not only does this make
for a lot of variety, but you will often find other members
there, ready with their recommendations on what to
choose. With close to 800 books and growing, it’s easy
to pick up a book that speaks to you. Selections vary as
books come and go, but often include audio books and
puzzles. Best
of all, there’s
no library card
needed – just
pick up and
go!
Since
The
Sa n d c a s t l e’s
dramatic
renovation, the library is now located in the first floor
hallway on custom shelving made by staff from the
KICA Maintenance Department. Stop by today see
what’s new. You can also donate your current fiction or
nonfiction -- simply drop your books off with a member
of staff at the front desk of The Sandcastle.
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