Publications & Articles
The Board Treasurer: Roles & Responsibilities in Community Associations
By Howard Goldklang, CPA, MBA
The definitive guide for this pivotal position—helpful to all treasurers and all board members as well. Outlines in detail the duties of the treasurer and offers advice on most types of letters, reports, and tax documents treasurers are required to produce. Also contains suggestions for working with the board and residents, including tips on dealing with delinquencies and record retention. Purchase »
Reserve Funds: How & Why Community Associations Invest Assets
Contributor Howard Goldklang, CPA, MBA
The definitive guide for this pivotal position—helpful to all treasurers and all board members as well. Outlines in detail the duties of the treasurer and offers advice on most types of letters, reports, and tax documents treasurers are required to produce. Also contains suggestions for working with the board and residents, including tips on dealing with delinquencies and record retention. Purchase »
You Received the Draft Audit Report – What’s Next
By Jeremy Powell, CPA
Not all board members have financial backgrounds and the financial decisions that board members must handle can be daunting. Fortunately, the annual audit
report is a resource which can be invaluable in assisting the board of directors in making appropriate and favorable decisions. Read the Article »
Are My Association’s Replacement Reserves Fully Funded?
By Howard Goldklang, CPA, MBA, Jeremy Powell, CPA and Jennifer Murray, CPA
Has the Association’s independent auditor ever told you that Replacement Reserves are not fully funded? If so, the following article may be useful in understanding how Replacement Reserve balances are calculated and interpreted. »
Credit Card Fraud - Could it Happen to Your Association?
By Anne Sheehan, CPA
When goods or services are paid for with a credit card, the association's internal controls are bypassed. Read the Article »
Breaking Down the Annual Audit
By Anne Sheehan, CPA
An annual audit is an essential document for every association. An annual audit helps to financially protect management, the association and its board of directors. Even if an annual audit is not a requirement for your association, you should have one conducted every year. Read the Article »
Snow Removal Costs: a Financial Crisis
By Donald E. Harris, CPA
What can be done to fund the significant direct and associated costs of snow removal? Snow removal budget line items, even for an association that aggressively budgeted for a harsh winter, are probably inadequate to cover the snow removal costs associated with these storms. Read the Article »
Records Retention Policy
By Anne Sheehan, CPA
Have you ever watched an episode of “Hoarders” on the A&E Network? Does this remind you of your association’s office, storage room or basement? Does your association keep every piece of paper because you think you might need it in the future? If your answers are “Yes,” you might need a records retention policy. Read the Article »
Delinquent Owner Balances, Bad Debt, and Allowance for Doubtful Assessments
By Anne M. Sheehan, CPA and Jennifer L. Murray, CPA
It is an unfortunate reality that every Association must find a way to manage delinquent owner balances. Implementing and following a collections policy, and working with management and the Association's attorney will help the Association to collect. Read the Article »
Your Community. Your Business.
By Howard Goldklang, CPA, MBA
Community associations must recognize that they are businesses and, in many cases, very big businesses. They must recognize this basic fact and adapt themselves wholeheartedly to this concept. Read the Article »
The Role of the Association Treasurer
By Rafael A. Martinez and Howard Goldklang, CPA, MBA
Recent turbulence in the financial markets have placed an even bigger responsibility on those who have volunteered to provide good stewardship of their association’s funds. However, with a solid plan in place, staying on top of the books and the changing market conditions is manageable. Read the Article »
