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December Survey Results
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Have you been naughty or nice this year?
25% Naughty
32% Nice
43% Somewhere
in-between
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Accelerate Your Collections
When a community owner doesn’t make his monthly assessment payment, he harms the entire community. Every association relies on its owners to make monthly payments so that it can pay for the services and amenities its owners expect. One strategy you can use to cut delinquencies is adopting an “acceleration” policy. It works like this: If an owner hasn’t paid his assessment – typically, for at least 90 days – the association has the right to declare all of that fiscal year’s monthly assessments due immediately. Although some may consider this a tough measure, its effectiveness is undisputed.
[FULL STORY]
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Colorado's Megan Law
Rumor has it that a registered sex offender has moved into the community and residents are up in arms that they have not been notified. It is important for the board to know what Megan’s Law is and the extent of its duties in protecting residents from others.
[FULL STORY]
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New Auditing Standards Affect HOA Audits
Many homeowners associations hire an independent certified public accountant (CPA) to conduct an annual audit of the association’s financial statements. The procedures CPAs perform during an audit have changed dramatically as a result of many highly publicized accounting scandals and audit failures nationwide in the past few years. Although the types of fraud seen in those well-known cases typically do not occur in homeowners associations, the changes in auditing procedures apply to audits of all businesses, large and small.
[FULL STORY]
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Laws With Teeth
Associations frequently encounter conduct by individuals which approaches or crosses the line into criminal conduct. Unfortunately, due to crowded criminal dockets, limited public resources and the priorities of the criminal justice system, such conduct is not frequently the subject of criminal prosecutions. Recently the Douglas County District Attorney took action in one aggravated situation. The individual had been involved in an extended dispute with a homeowners association over operation of a commercial enterprise from a home, as well as minor landscaping and sign issues.
[FULL STORY]
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10 Ways to Prepare for Your Annual Meetings
Follow these 10 easy steps to increase owner involvement at your association’s annual meeting.
[FULL STORY]
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HAPPY HOLIDAYS!
From our house to your house, all of us at Orten & Hindman wish you a Joyous Holiday Season and a New Year filled with Peace and Happiness.
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Educational Events
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Coming soon:
O & H University's 2004 Success Series class schedule. Details available at www.ortenhindman.com later this month.
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Suggestions
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If there's a topic you'd like to see covered in an upcoming issue, email us at Orten & Hindman
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Community Associations Institute
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The Community Associations Institute (CAI) is a nonprofit organization that provides education and resources to community associations. To find out more about CAI visit www.caionline.org
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