Ways To Prevent Fraud

It is said that fraud takes motivation and opportunity.  If both are not present, fraud cannot occur.  It is hard to affect motivation, but managers and boards can control the opportunity.  In today’s economy with foreclosures, tight credit, and job layoffs, diligence in watching and guarding association money is crucial. Below are some key thingsGo to Resource

I’m Having an Out of Money Experience

Having difficulty staving off the rising tide of delinquencies?  And are the circumstances that have put your association in this position outside of your control?  You can’t control the economy or extinguish the existence of foreclosures and bankruptcies in your community, but you can control how you respond to these and other scenarios that tendGo to Resource

The Consumer Price Index and Assessments

Introduction Associations are generally formed to perform many tasks on behalf of the owners within the common interest community.  In order to perform these tasks, there must be sufficient monies.  Thus, a funding mechanism is provided through the levying of assessments.  The declaration for a community generally contains a provision addressing how the yearly assessmentGo to Resource

Reserve Funds 101

There has been much ado about reserve studies, reserve funds and investment of reserves in the last few years, fueled largely by changes in Colorado law related to reserves.  It is no wonder board members and managers often have a lot of questions about what is required and what is prudent.  This article is designedGo to Resource

The Prudent Investor Rule

  In community associations, the collection of assessments is the primary source of revenue for the operation and maintenance of the community.  Boards of Directors, with excess capital not currently allocated or needed in the immediate future, are turning to investment and financial planning as a means of maximizing these fixed, limited resources.  Putting idleGo to Resource
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