Association Finance

Money makes the world, and associations, go round. One of the top priorities for community association managers and boards is ensuring that budgets are allocated and used wisely. This means that having sound financial processes, like audits and collections, are essential. Learn more about the best ways to manage community finances below.
 

Budget

• Why Transparency Matters in Communicating Your Annual Budget
• How to Plan an Effective Budget for an Association
• Six Easy Steps To Build Your Community’s Budget
• 10 Ways Toward Greater Financial Strength
•  What Should My Association Consider When Planning a Budget?

Community Cost Savings

• The Surprising Way to Stretch Your Association's Dollars
• How to Save with Bulk Buying Strategies
• Five Ways to Keep Snow from Burying Your Budget

Financial Health and General Issues

• How Can We Improve Our Association's Financial Stability?
• How To Choose The Right Community Banking Program
• What are Association Dues? What Do They Cover?
• Four Ways to Maintain Your Association's Financial Fitness
• Five Reasons to Use Quality Vendors
• Nine Essential Tips About Conflicts of Interest
• Maintenance vs. Capital Improvements – What’s the Difference?
• Seven Tips to Finding a Reserve Study Firm
• How Can My Association Create Revenue from Our Community Amenities?
• What Is a Balance Sheet? Why Do I Need to Understand Them?

Association Insurance

• Why Does Our Association Need an Annual Insurance Review?
• Insurance Basics: Protecting Your Community Pool
• High-Rise Insurance: Seven Tips to Cover Your Property
• Four Things Your Association May Not Know About Association Insurance
• 12 Things You Should Know About Your Insurance
• 15 Things You’ll Want to Do Before Selecting an Insurance Agent