As we wrap up the month of January, it's crucial for HOA and condo boards to address essential "housekeeping" matters. In this blog, we'll guide you through key tasks that your board should consider in the early months of 2024. From filing the annual report with the Arizona Corporation Commission to ensuring proper insurance coverage, preparing taxes, conducting financial audits, [...]
Summer is officially here and many associations across the valley take a momentary “break” from association business to enjoy the summer. If your association board holds less meetings over the course of the summer it is important to remember that the board must remain vigilant about monitoring the association’s finances. Our firm has found that a lack of oversight leads [...]
It has happened; there are funds missing from the checking account. Figures do not line up and you cannot get in touch with anyone. The board always sees a financial statement at each board meeting, so what went wrong? Any organization that believes it is immune from the fraudulent use of funds is destined to become a victim. Mulcahy Law [...]
