Posts Tagged 'HOA Budget Preparation'

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What to Include in a Quarterly Financial Report

A quarterly financial report is a summary of the performance of your HOA over a three-month period. The report allows you to monitor and update your organization’s portfolio at shorter intervals while maintaining greater accountability with your board, members, property manager, all stakeholders, and federal and state regulatory agencies.

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How to Prepare a Workable HOA Budget

Budgeting for an HOA includes disclosures to association members, time restrictions, assessment limitations, and more — all necessary to remain compliant with local Minneapolis and Minnesota state Civil Codes. Below, we outline each step of the budgeting process to create a workable and legal budget for your organization.

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6 Essential Steps in HOA Budget Preparation

Across Minnesota and the country, HOAs are experiencing financial problems that are ending in a wide range of consequences. The growing number of homeowners associations does not have sufficient funds or reserves to maintain the housing developments adequately that they are responsible for.

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What to Look for When Restructuring & Coordinating Your HOA Insurance

HOA insurance can cover a broad range of areas such as property damage, third-party injuries, or directors & officers (D&O) coverage. Contact RowCal property management company to find out more.

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