Budget Preparation Tips – Article by Neighborhoodlink.com
Posted by AmberPM on October 21, 2011 · Leave a Comment
In order to operate a successful community association, foundation community, or development community there are many important facets of association governance that must be understood and implemented by its board of directors. One of the most important is the budgeting process. See: Six Steps To Create And Manage A Budget if you are looking for help on … Continue reading →
Category Budget · Tagged with Amber Property Management, Association's Treasurer, board, budget, budget preparation tips, Condo, CPA, developer budgets, financial statements, fiscal year, Governing Documents, HOA, Homeowner Association, operating cost manual, operating cost manual for homeowner associations, Orange County Property Management, Property Management, Property Manager, Reserve Study, Single Family Home, Townhome, treasurer
Are You Contributing Too Much to Your Co-op / Condo Reserve Fund? – Article by By Robert M. Nordlund, P.E., R.S
Posted by AmberPM on July 11, 2011 · Leave a Comment
You don’t want to make reserve-fund contributions that are too little, which may lead your co-op board or condo association toward borrowing, making a special assessment or even incurring the higher costs that come with deferred maintenance. But you shouldn’t put away too much, either. As a professional engineer and the president of a company … Continue reading →
Category Board of Directors, Budget, Community Manager, Learning Tools, Q & A · Tagged with acutal replacement, Amber Property Management, balance sheet, baseline-funding, board of directors, Cash Flow, defer projects, double budgeting, ongoing maintenance, operating budget, Orange County Property Management, Property Management, remaining useful life, replacement costs, reserve - funding, reserve contributions, Reserve Study, reseve funding, Responsibility, special assessment, useful life