Tag Archives: HOA Finances

Association Finances:

Understanding Your Community’s Financial Position in a Tough Economy

While it is always important to know where your community stands financially, it is especially important to understand the community’s financial status in an economy riddled with increasing expenses, higher delinquencies, and more bad debt write-offs. Following are several recommendations and standards for analyzing a community’s financial health:

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HOA Cash Management Programs

Cash Management Programs for Community Associations

Board members have the fiduciary responsibility not only to monitor the income and expenses of their association but also to utilize processes that provide both safety for assessments collected from homeowners and control of costs. If your community association or management company has not recently reviewed your payment processing and cash management systems, you may be unaware of innovations that can make your staff more efficient, save money and help to increase your investment earnings.

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