Abcs presentation

356 views

Published on

Published in: Health & Medicine, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
356
On SlideShare
0
From Embeds
0
Number of Embeds
78
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Abcs presentation

  1. 1. abcsA BASIC COURSEFOR COMMUNITY ASSOCIATIONS
  2. 2. ChapterCalendar of Events
  3. 3. SCHEDULEIntroduction (8:30-8:45)Overview (8:45-9:50)Approach to Solving Problems (10:00-10:35)Maintenance (10:35-12:10)Rule Enforcement (1:10-2:00)Finances (2:00-2:30. 2:45-3:30)Board Meeting (3:30-4:15)Conclusion (4:15-4:30)
  4. 4. OVERVIEW• Overview of Industry – Types of Communities – Legal Foundation – Rights and Obligations o Developer o Owners o Board members o Officers o Committees
  5. 5. RIGHTS & OBLIGATIONS • Developer • Owners • Board Members • Officers • Committees
  6. 6. COMMON-INTEREST COMMUNITIES• Condominium• Cooperative• Planned community• Master association
  7. 7. LEGAL DOCUMENTS• Declaration – Condominium – Planned community• Proprietary lease – Cooperative• Bylaws• Book of Resolutions• Articles of Incorporation
  8. 8. PROBLEM SOLVING1. Identify the scope of the problem.2. Determine who has the authority and obligation to act.3. Consider approaches and resources; formulate and implement the plan.4. Communicate the plan.5. Monitor and evaluate the plan.
  9. 9. IDENTIFY THE SCOPE OF THE PROBLEM • Roof • Pipes
  10. 10. DETERMINE WHO HASTHE AUTHORITY ANDOBLIGATION TO ACT • Pipes – Declaration – Bylaws • Roof – Declaration – Bylaws
  11. 11. CONSIDER APPROACHES AND RESOURCES; FORMULATE ANDIMPLEMENT THE PLAN • Roof • Assessments – Who has authority? – What are the procedures?
  12. 12. COMMUNICATE THE PLAN• Roof – What? When? How?• Pipes – What? When? How?• Assessments – What? When? How?
  13. 13. MONITOR ANDEVALUATE THE PLAN • Short-term – Replace roof • Long-term – Maintenance plan
  14. 14. FINANCIAL STAGES• Planning – Budget• Operation – Balance Sheet – Income and Expense Statement – Budget Variance Report – Bank Reconciliation Statement – Accounts Receivable Report – Accounts Payable Report
  15. 15. FINANCIAL STAGES• Evaluation – Compilation – Review – Audit
  16. 16. ACCOUNTING• Cash• Accrual• Modified
  17. 17. ENFORCEMENTHEARING ERRORS• Before – Didn’t attempt to settle amicably – Didn’t explain variance procedure – Didn’t file complaint – Didn’t send notice of violation
  18. 18. ENFORCEMENT HEARING ERRORS• During hearing – Chair disorganized – Board member was rude – Not prepared for hearing – Relative participated – Didn’t give Susie time to gather and present evidence – Didn’t view property
  19. 19. ENFORCEMENTHEARING ERRORS• Conclusion of Hearing – No valid reasons for decision – Penalty is unreasonable
  20. 20. BOARD MEETING ERRORS• Before Meeting – Notice not adequate – Preparation not adequate
  21. 21. BOARD MEETING ERRORS• During Meeting – Started late – Two members never come – Started without a quorum – Didn’t read background material – Didn’t follow parliamentary procedure – Didn’t follow agenda – No time for resident input – Maybe breach of duty of loyalty – May not have authority to levy assessments – Didn’t take minutes
  22. 22. ENFORCEMENT PROCEDURES• Internal Enforcement Procedures – Procedures to induce willing compliance – Rule enforcement hearing• External Enforcement Procedures – Mediation – Arbitration – Litigation
  23. 23. XYZ FINANCIAL PROBLEMS• Income – Overestimated income – Didn’t plan for bad debts – Overestimated investment income – Borrowed from replacement fund• Expenses – Underestimated expenses – Didn’t plan for unexpected• Replacement fund error?
  24. 24. Community Associations Institute (YOUR NAME) Chapter • Phone • Fax • E-mail • Website (CUSTOM MESSAGE) Building stronger communities.

×