Generative Thinking By Boards

You’ve often heard us talk about the three facets of a community:   But there are also three modes of governance for your association board. Governance as Leadership; (Chait, Ryan & Taylor, 2005). In the fiduciary mode, boards are concerned with being the steward of the association’s physical assets. In the strategic mode the boardGo to Resource

CCIOA Corner—Surplus Funds

Do your communities ever have surplus funds in their operating accounts at the end of their fiscal years?  If so, what have you done with such funds?  Unbeknownst to many, CCIOA actually addresses this issue for post-CCIOA communities (i.e. communities created after July 1, 1992). Section 314 of CCIOA describes “surplus funds” as funds thatGo to Resource

Policies, Procedures, Rules, Regulations, and Resolutions: What’s the Difference??

You’ve, no doubt, heard the terms “resolutions, policies, rules, and regulations” used many times in the industry. But have you ever wondered what all these different terms mean and whether there is a difference in which term you use? Despite popular belief, there are subtle differences in these terms outlined in the checklist below. AsGo to Resource
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