Funds due to the Association; their receipt or replacement of the records of that which is due may be covered in an insurance policy.
ACTUAL CASH VALUE/ ACV
ACV is the depreciated value of property and is normally representative of the remaining useful life of the…Read more →
Strategic planning is more than ensuring your association will remain financially sound and be able to maintain its reserves – it’s projecting where your association expects to be in five, ten, or fifteen – and how your association will get there. It is a systemati…Read more → open attachment
Community associations come in all sizes. They vary in age, amenities provided, and maintenance obligations. Careful planning for future repairs and replacements is not only in the best physical and fiscal interests of the community association, it is required by law in some states…Read more → open attachment
It is CAI’s purpose to foster vibrant, responsive, competent community associations that promote harmony, a sense of community and responsible leadership. Common characteristics of such community associations include good communication, trust in the management and board of dir…Read more → open attachment
Given that the fiscal health of the association has a direct impact on every member of the community , proper management of financial operations is an important element of building better communities. While the responsibility for an association’s finances rests with the board,…Read more → open attachment
According to CAI Research Foundation’s National Survey of Community Association Homeowner Satisfaction, the average community association resident volunteers twice a year for community-sponsored events. Nearly 60 percent of respondents said that they participate in each of the…Read more → open attachment
Community associations exist because they offer choices, lifestyles, amenities and efficiencies that people value. More than 50 million Americans choose to live in condominium and homeowner associations, cooperatives and other planned communities.
Americans make this choice for count…Read more →