Financial Issues for Associations

Event Phone: 303.651.8444

Whether your association is experiencing financial crisis, or you are trying to be proactive for future expenses, boards need to exercise due diligence when handling reserves, and turning to annual assessment increases, special assessments and bank loans.  Each of these options must be exercised in a manner consistent with the governing documents and law.  Furthermore, associations must be careful to avoid hidden pitfalls with these processes that oftentimes are not noticed until it’s too late.  The purpose of this session is to discuss financial options for associations, identify the processes to be followed and identify red flags.