Inheriting a Financial Mess


By Dale Gifford, PRA, RS, PCAM, AMS, CMCA Regional Project Manager, Complex Solutions, LTD - Silver Sponsor 2020 I was just elected to the board. I have read the reserve study and we are so far behind. How willwe ever catch up? As a new board member you may have inherited the financial mess that others have created.Unfortunately some associations are in a less than ideal financial situation. It is important foryou to properly perform your responsibilities as a board member, and to try and get theassociation on the right track to an ideal financial position. As a board you need [...]