Financial Resources

loading… 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 isGo to Resource

loading…   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.  PuttingGo to Resource

loading… As you may know, one of the primary roles of the Board of Directors is to preserve, protect and enhance the value of the homes or units in your community. Some condominium and homeowner associations have taken steps to make their communities more attractive to prospective purchasers by making VA and FHA financing availableGo to Resource

loading… We often get asked whether community associations can or do qualify as 501(c) organizations under the Internal Revenue Code.  Sometimes the question arises because the association derives too much income from sources other than assessments to file IRS Form 1120-H, and it is looking at way to decrease its income tax liability.  Below areGo to Resource

loading… Budget season has arrived.  And with budget season comes the daunting task of planning, executing, communicating, and obtaining approval for your budget.  Here are some budget basics and practice pointers that all boards and managers should know: Do I have to plan and adopt a budget every year? If your community is a pre-CCIOAGo to Resource