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
Governance Resources
How can you tell an experienced meeting chair from an inexperienced chair before the meeting is even called to order? There are lots of ways, but one key indicator of an experienced chair is such individual has a copy of the organization’s bylaws close at hand. Why? What is in that formal, bureaucratic document thatGo to Resource
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
Have you ever wondered when an association legally comes into existence? Is it when the first home is built, or is it when the development plan is approved by the County? The correct answer is neither. According to Section 201 of CCIOA, a common interest community legally comes into existence when the declaration and platGo to Resource
One of the things presidents fear most about chairing their annual meetings is when emotional homeowners raise a subject that is not part of the agenda. This action could, if not properly handled, start the spiral that sends a meeting out of control. As the meeting chair, how should you handle that moment when aGo to Resource