1. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 1 A. The Purpose of This Policy Small changes in accounting methodology can have costly and unforeseen consequences that are difficult to reverse. Variances in other financial-management policies, such as payroll and purchasing administration, can also be costly. Because MMI benefits from financial management advice from outstanding specialists in the field of hotel accounting and financial management, we are able to provide policies and procedures that are effective at controlling financial loss. The purpose of this policy is to assure sound financial management by limiting the authority required and minimizing the scope of procedures available for altering our financial-management policies and procedures. Continue ► 7000. Introduction and General, 7040 Variances from MMI’s Financial-management Policies and Procedures

2. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2 B. Procedure for Policy and Procedural Variances A Hotel owner, partner, accountant, lender or other party may wish to vary from one or more of MMI’s financial-management practices. Because Marin Management has a fiduciary responsibility for the businesses we manage, such variances should be agreed to by all parties, well planned and well documented. Record your Hotel’s approved variances from MMI’s accounting policies and procedures in your Hotel-specific Accounting Information Guide.Hotel-specific Accounting Information Guide Continue ► 7000. Introduction and General, 7040 Variances from MMI’s Financial-management Policies and Procedures

3. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 3 C. How to Submit Your Request Contact MMI’s group vice president or president to discuss proposed changes to our best practices for financial management. He or she may ask for additional approval from the president of MMI. Continue ► 7000. Introduction and General, 7040 Variances from MMI’s Financial-management Policies and Procedures

4. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 4 D. Recordkeeping When approved, record the approved variance in your Hotel-specific Accounting Information Guide.Hotel-specific Accounting Information Guide End 7000. Introduction and General, 7040 Variances from MMI’s Financial-management Policies and Procedures

5. FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 5 7000. Introduction and General, 7040 Variances from MMI’s Financial-management Policies and Procedures