An operating guide for community associations outlines essential information for boards of directors and management to efficiently run the association. The guide includes sections on administration, budget/reserves, operations, and other important information. It contains details like banking information, board members, employee contact information, governing documents, insurance policies, service agreements, committee reports, manager's reports, and meeting minutes. Having all "team" members consult the same operating guide ensures they are informed and coordinated in administering, managing, and operating the association.