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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

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YOUR CLAC UPDATE
- CAI-CLAC 2018 Legislative Day at the Capitol Recap May 5, 2018
  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
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  If you’re like me, when it comes to budget planning time there is usually one main direction from the Board, “Do not raise assessments but if you have to, keep it as minimal as possible.” Also, like me, you know this is almost an impossible task when dealing with inflation, rising utilities rates, minimum wage […]
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  Does your board table decisions because you can’t get through all of the discussion? Is there a big project that your association needs to complete, but the minutia of it is overwhelming the board? Don’t let the added work hold you back. Recruit volunteers from the membership to assist the board through the creation of […]
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- Your Association Received a Preliminary Lien Notice. Now What? February 22, 2022
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HOA INSURANCE
- Water Damage Prevention
  Water damage claims can be very expensive to deal with, cause untold frustrations and have the potential for a living nightmare within your HOA complex. While you cannot prevent every possible situation where water can cause damage; here's a list of simple steps every association can take to reduce/eliminate many causes of water damage issues.Washing ma […]
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Budget Preparation Tips – Article by Neighborhoodlink.com

Are You Contributing Too Much to Your Co-op / Condo Reserve Fund? – Article by By Robert M. Nordlund, P.E., R.S

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