GARAGE COMMITTEE CHARTER

General Scope: Develop appropriate recommendations for policies and procedures for Board approval. Monitor and ensure implementation of Board approved policies, provide monthly reports to the Board and recommend appropriate rate structures. Work with the Board and Management to review performance and compliance with contract. Oversee and implement RFP process for garage management contract review and renewal.

Operational Budget: Work with Standard Parking to develop and recommend overall levels of operating revenue and expenditures each year. Review in detail and make recommendations to the Finance Committee for such budgets.

Capital Budget: Work with Draper and Kramer Management, IC and HOA to ensure that projects are identified, prioritized and implemented effectively, and properly cost assigned between J/K Association and HOA.

Audits: Review (and meet respective auditors, if necessary) the Standard Parking and J/K Association audits (currently Picker). Communicate any proposed suggestions to JK Treasurer and DK.

Reports: Review and ensure accuracy of Standard Parking financial reports and ensure that they are submitted to the J/K Association in a
timely manner.