Resources for board members on monthly financial reports abound, but how do you make sure the financials are correct before handing them over? Everything you need to know about balancing monthly HOA financials, plus a free checklist for you to use at the end of each accounting period!
This Week in Community Association Management: Combine an improved economy, optimistic CEOs and green communities with taxes, foreclosures, dysfunction, and poor accounting practices and you get the roller coaster that was this week in the CAM industry. Put your hands in the air!
The CAM industry is very tight-knit and competitive. News of possible fraud can destroy everything you have worked for. Fudging the numbers in your accounting may save time in the short term, but it can have a very high price in the long run.
This week in Community Association Management: Today, we decided to TAKE A WALK around the neighborhood in our RUBY SLIPPERS. The streets looked all BRIGHT, SHINY and NEW, probably because the community recently decided to TAKE ACTION and STREAMLINE FOR SUCCESS! Yes, we are excited, at least until it's time for COLLECTING DEBT. We will put that off until WHITEBOARD WEDNESDAY. Confused? Don't be! It's this week in CAM management!
This isn't nonsense - it's This week in Community Management!:
COMMUNICATION IS THE KEY when you are a citizen of PROCRASTINATION NATION! Although the QUESTIONS may be greater than the ANSWERS (especially about MINERAL RIGHTS), TEAM BUILDING is an essential skill to PROVE YOURSELF. And you'd better hurry too, because WBW is JUST ONE WEEK AWAY!
While PACKING FOR VEGAS I was dancing merrily to the tune of CALL ME, MAYBE when it occurred to me that budget season was upon me. Oh no! It's a CATCH 22 -- I'M UP TO MY NECK in work already!, I thought, and I began to go into a BUDGET FRENZY. The only thing that worked to soothe me was the thought of GOING GREEN. Confused? Don't be. It's this week in Community Association Management.