A Quick Introduction to HOA Financials: for California condominium owners and board members - Softcover

Inhaltsangabe

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?

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