Let’s wrap up 2021 with this free one-hour webinar dedicated to preparing for your community association’s year-end audit. Our VP of Financial Services Division, Vishnu Sharma, provides an overview of the community association industry, financial reporting requirements, and more! Here’s what you can expect to learn from this webinar: Community association industry overview Financial reporting […]

Not-for-profit community associations are not immune to the rapid changes in today’s global economy and the need to evolve and adapt as quickly as possible. While some trends will come and go, others warrant attention. Three significant trends that not-for-profit community associations should be examining now include: focusing on digital experience, budgeting for and managing […]

Preparing for Budget Season With the start of the new year comes a lot of future planning for community managers. This means taking a hard look at your financials and determining how you will budget for the new year. Your annual budget effects all aspects of your community. How much will you spend on the […]

Note: This article has been updated since it’s original publication. In community association management, no two words are feared quite as much as ‘Budget Season’. Developing budgets is an important part of any business, and for community associations, the budget is incredibly important due to the fact that communities have a fixed potential income, and […]

Note: This article has been updated since it’s original publication. Part of preparing the annual budget for a community is either creating, reviewing, or updating the Reserves for Replacement Analysis. Reserves are monies set aside for the future replacement or renovation of the major components of your homeowners or condo association. What are Reserves? Every […]