How Well Do You Understand Your HOA’s Financial Health?

One of the key challenges of being a board member is understanding how HOA and community association financials work. Between budgets, income statements, balance sheets, bank reconciliations, reserves, and other documents, you’re presented with an almost overwhelming amount of information each month. Unless you’re a CPA with HOA experience like me, this can be daunting for even those with a decent amount of financial experience.  Below are some of the most important financial details that you should be aware of as a board member (or property manager). Please take the “quiz” to see how much you already know as well as what you’ll need to learn more about from your treasurer or property manager.    Read the article…………..

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