Checklist for Board Orientation Topics

GOVERNANCE ISSUES

1. The role of the HOA and common terminology
2. The role of the Board and the legal duties and responsibilities of directors, including limits on authority
3. Review governing documents
4. Board policies and procedures
5. Rights and responsibilities of owners
6. Role of the management company and review of a management company contract
7. Review minutes from past year
8. How board meetings are run
9. Role of legal counsel

FINANCIAL ISSUES

1. Review budget and how to create a budget
2. Review financial statement and other financial records, including how to read financial statements
3. Review reserves
4. Review reserve investments
5. Review assessment process, including delinquency policy
6. Role of accountant

COVENANT AND RULE ENFORCEMENT

1. Role of board
2. Role of ACC/ARC committee
3. Review enforcement procedures including fines and hearing procedures
4. Review role of management company and legal counsel

VENDOR RELATIONS

1. Review bid and contract provisions
2. Review existing contracts

COMMUNITY BUILDING AND CONSENSUS BUILDING

1. How to resolve disputes
2. How to deal with difficult people
3. How to build consensus