Managing a homeowners association requires access to reliable HOA board resources that support effective governance and decision-making. Community Financials aims to provide board members with the tools, knowledge, and best practices needed to lead their communities successfully. From comprehensive training guides and governance tips to advice on managing board meetings and understanding legal obligations, you’ll find everything you need to navigate your role with confidence.
Explore articles that cover essential topics like conflict resolution, policy development, and board member responsibilities. Whether you are new to the board or a seasoned leader, these resources are designed to enhance your skills and support your efforts in building a well-managed and cohesive community. Whether you’re looking for ways to improve board efficiency or ensure compliance with financial HOA regulations, Community Financials here to support you every step of the way.
Boards often look at the bank balance and decide things are fine. The delinquency report may tell a different story. Money owed isn’t money in the bank, and a budget that assumes every assessment will be collected on time can set the community up for a cash flow problem in the middle of the year….
HOA reserves are the money an association sets aside for major future repairs and replacements. Most boards adopt a budget with a reserve contribution in it and assume the rest takes care of itself. But just because the contribution is in the budget doesn’t mean the money is actually sitting in the reserve account. Year-end…
Every budget season, HOA boards confront a familiar problem. Operating expenses are rising, reserves need more funding, and homeowners are already concerned about another assessment increase. But before deciding how much more to collect, boards should examine how much they are already spending. An outdated vendor contract, unnecessary management fees, or recurring repairs that never…
HOA payment fraud is one of the most common and most preventable financial problems community associations face. It rarely looks like fraud when it is happening. It does not announce itself. It does not show up as a dramatic missing balance or an obvious red flag in the monthly report. It tends to look, at…
Key Takeaways Homeowners association (HOA) reserves are the money an association sets aside for major future repairs and replacements. When boards are trying to keep dues down, reserve contributions can become the number that gets adjusted to make the budget work. But putting less money aside does not make the roof last longer or the…
Every October, boards across the country sit down to build their 2027 HOA budget. Most of them start in the same place: they pull up last year’s budget, add a percentage across the board, and call it a draft. It is fast, it feels reasonable, and it is almost always wrong. The problem is not…
The comparative income and expense report is the number one report I have used to run communities for 25 years. Most boards either do not receive it or do not know what to do with it when they do. The part that matters most is a single column that most board members scroll past without…
Starting January 4, 2027, Fannie Mae and Freddie Mac are raising the minimum reserve funding requirement for condominium and HOA communities from 10% to 15% of annual assessment income. Most boards heading into budget season are not yet asking what this means for their community, and the window to act on it before the deadline…
In part one we covered pulling the right reports, reviewing your delinquency picture, budgeting with a cushion, and knowing your true accounting costs. This post covers the three steps that protect your community’s long-term financial health: getting a reserve study, protecting your reserves, and setting a collection policy that actually gets followed. Dust Off or…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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