When do community associations need to vote to roll over surplus funds to the next fiscal year?
In order to avoid adverse tax consequences, community associations should consider conducting a vote to apply surplus funds in their operating budgets at the end of their fiscal year to the budgets for their next fiscal year. Read the article…………
Condominium associations are largely governed by volunteer directors that receive little training with respect to their fiduciary duties and potential
A recent article by Jimmy Thompson got us thinking about the dark side of by-laws. While they’re essential for the