The Board of Directors is a group of members who volunteer their time to manage the Association on behalf of the members (homeowners). These duties include record keeping, overseeing the upkeep of the amenities and common areas, negotiating contracts with vendors, developing an annual budget, establishing an annual assessment and collecting this assessment from the membership, insurance procurement, and establishing committees to deliver additional services to the neighborhood. The Board conducts business according to an established set of rules called By-Laws. The Association Board administers, enforces and defends the covenants, restrictions and agreements to preserve the architectural and general appearance of the properties within Lochshire. Funding for this purpose is obtained from annual dues paid by the property owners.