In order to operate a successful community association, there are many important facets of association governance that must be understood and implemented by its Board of Directors. One of the most important is the budgeting process. Most associations are “multi-million dollar non-profit corporations.” This means that the association board is often running a small to midsize business –with all of the decisions, exposure, and liability that accompany such a task. Of course, when running this type of organization, boards work with many experts to ensure that everything is run in accordance with the association’s governing documents and current laws. Read the article……………….
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