The Importance of Being Treasurer

Taming the annual budget is just the beginning of this crucial job.  To do this job, you don’t need to be a certified public accountant, or a math whiz. “To be a good board treasurer, you need somebody who’s got the time and the interest to dive into [an] understanding [of] the building’s financial issues,” says Howard Lazarus, managing director at Tudor Realty.  A treasurer must play many roles – as financial watchdog, as the board’s second set of eyes, and as a liaison between the property manager and the board, and between the board and its auditor.     Read the article………….

Editor

Recent Posts

5 Community Association Management Trends to Watch in 2024

The rise of community associations across the U.S. holds promise for management companies in 2024—but…

6 hours ago

Guarding your Association’s Finances: Best Practices to Combat Payment Fraud

Community Association Management companies are under siege from high-tech conmen determined to rip them off.…

6 hours ago

From condo to co-op: can owners avoid Florida’s structural reserves law by changing labels?

Question: Can we convert to a co-op to avoid these onerous regulations?  Answer: Your question…

6 hours ago

FirstService Residential Raises the Bar on Responsive Communication

FirstService Residential, Metro Vancouver's leading property management company, has raised the bar when it comes…

6 hours ago

Co-Ops and Condos Are Exempt From Good Cause Eviction Law (NY)

Good Cause Eviction bills have been bouncing around Albany for years, and most co-op and…

12 hours ago