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Governance Resources

How the CCIOA Budget Process Works

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As we are in the middle of annual meeting season for many communities, it may be helpful to review the budgeting process that you are required to follow.  Budgeting is the process of reviewing your association’s anticipated income and establishing planned expenditures for the upcoming year.  The process results in the preparation of a proposedGo to Resource

Open Meetings 101

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As we all know, Colorado requires all board meetings to be open to attendance by owners within the community, unless the board goes into executive session.  We get a lot of questions from boards and managers about whether specific topics are appropriate for executive session.  Colorado law (C.R.S. 38-33.3-308(4)) allows boards to go into executiveGo to Resource

Generative Thinking By Boards

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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

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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

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