I often say that the Best Practices are born from learning that results from the worst practices. This holds true for community associations as well. If you are a Board Member, Community Association Manager, or concerned owner you may be interested in keeping your community in sound financial shape and out of trouble.
I recently wrote an article for Community Associations Institute (CAI-RMC) on the Financial Best Practices for Homeowner Associations HOAs and Condominiums that you may be interested in.
I hope this spurs conversation at your community and at your next board meeting.