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.
Doing payroll is straightforward and easy right? Not really. Many communities and management companies get tripped up by payroll. Don’t be ashamed I know a lot of accounting companies that outsource payroll to experts as well. This post discusses how to reduce risk: outsource your HOA or condo community payroll. Risk #1: Fraud From studying…
I taught a class on Financial Best Practices to 80 Community Association Managers and Board Members earlier this month. A Board Member said you know what would be great is if we could get notifications of debit card ATM withdrawals or purchases. I said you are right that is an awesome way to prevent fraud…
We want to thank all of the attendees of the Community Association Institute Rocky Mountain Chapter’s 2019 Spring Trade show and Conference that participated in our class Friday March 15th in Denver, CO. 80 Managers and Board Members learned about HOA and Condo financial best practices by Community Financials. The class started by reviewing three…
Doing Minor HOA Financial Operations Right Your community needs to make small purchases for minor day to day operations. What is the best way to accomplish this without a Board member spending his or her own money, or possibly risking fraud from improper controls around petty cash, debit, or credit card usage? First, some local…
Many associations use credit cards or debit cards for handling some expense items. We don’t agree with this practice as it can lead to abuses and fraud. With good planing and budgeting an association should be able to do with out these payment methods. We wanted to take a look at Condo and HOA Debit…
If you live near Denver come join Community Financials at CAI’s Spring Conference. We are a speaker at the Rocky Mountain Chapter of Community Association Institute (CAI) 2019 Spring Showcase and Tradeshow Friday March 15th from 10am – 4pm. We will be teaching a class on Financial Best Practices for the 3:00pm – 4:00pm breakout…
People naturally want to have control over aspects of their life and this is especially true when it comes to money. Boards are made up of people and so boards also want control over money and for good reason they have a fiduciary responsibility to the owners that elected them. If the Board does all…
As if the job of managing a condo, HOA, or other common interest community association wasn’t challenging enough, many self-managed associations are facing additional challenges from increasing and constantly changing state regulations around the country. You have to ask yourself this question when it comes to complying with state regulations: can your self-managed association keep…
Are you the Treasurer at your condo community or homeowners’ association (HOA)? One Treasurer of a professionally managed community I spoke with spends 20 hours a month on this volunteer role. You are not paid, most unit or homeowners don’t know what you do or appreciate how much time it takes. If owners do know…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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