Publisher's Synopsis
As an interested condominium owner-especially a new board member-you want to get up to speed with your homeowners association's (HOA) financial health. Here are some questions addressed by this book.
- Does your HOA have sufficient reserves?
- How does a reserve study help to keep long-term budgeting on track?
- How do you create an annual operating budget?
- How do you manage cash flow when you incur large, unexpected expenses?
- How can prudent financial planning avoid special assessments?
- What's an annual review?
- Which tax forms does an HOA file?
- What type of insurance does the HOA need to buy?
- Do my contractors have proper insurance?
- What is fiduciary responsibility?
- What is the difference between officers and directors?
