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HOA Resource Center

Most Recent Items

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Loans vs Special Assessments

Attorney Trish K. Harris helps us understand how to determine when to get a loan or cause a special assessment. Read More...
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Pssst….. Education is the Secret

I just read an article out of Florida about board member education.  While we do not have mandatory board member education, CCIOA does encourage board members to obtain education and the expenses of that education can and should be covered by the association.  Serving on a board is a big responsib Read More...
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Safeguarding Your Money: Tips for Protecting Your Association's Funds

Luckily, it doesn’t happen often, but we have all heard horror stories about dishonest managers or board members absconding with association money, funded through assessments paid by owners in the community.  It is always a devastating situation and it leaves board members asking if there were st Read More...
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Board Members' Rights and Duties Concerning Association Funds

Board members owe several overarching fiduciary duties: the duty of reasonable care and attention, the duty of loyalty to faithfully pursue the community’s interests, and the duty of obedience to follow the association’s governing documents and policies.    To fulfill these duties, a community Read More...
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CCIOA Budget Process

The Colorado Common Interest Ownership Act (“CCIOA”) provides a step-by-step process for budget ratification for communities created after July 1, 1992.  Associations created before July 1, 1992, and those that are otherwise exempt from CCIOA, are not required to follow the CCIOA budget ratific Read More...
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Owners' Access to Financial Records: What and How Much Do We Provide

Suppose an owner in your association has requested access (inspection and/or copying) to certain financial records of the association.  What are the obligations of the board to provide this information?  Can it withhold any information?  Can you charge for access?  The answers are provided for i Read More...
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Compilation, Audit or Review?

April 15 may have come and gone for this year, but the decision of whether an association should have a financial compilation, audit or review done is something that many associations overlook.  Read our full blog post. Read More...
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Is Your Association Falling Behind?

You’ve heard the saying “keeping up with the Joneses,” but have you heard the saying “keeping up with the HOAs?”  Read our full blog post. Read More...
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Time to Budget for Deferred Legal Maintenance

Now that accounts receivables are finally starting to shrink, many associations are working hard to stabilize their communities’ finances and planning to take care of long-deferred maintenance projects.  During this upcoming budget season, boards and managers will be making important decisions ab Read More...
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Dipping Into Reserves

The Problem - The Unbudgeted Expense: Everything seems to be growing except the coffers: boards are faced with mounting operational expenses and increased delinquencies, without the same matched growth in revenue.  And, unfortunately, not all expenses are planned - emergencies will come up. For exa Read More...