Fiscal Planning Best Practices for Condo Boards-4077

Fiscal Planning Best Practices for Condo Boards

Condominium Fiscal Planning Like any successful corporation, condo boards in the Alberta area need to perform extensive fiscal planning; it’s always better to plan than to react. If you employ best practices, this process will go easier and smoothly. So where to begin when planning best practices for condo boards? You should start by analyzing the previous year’s budget and what your current monthly statements reflect, do you have surplus or a deficit for this current month? The next step is […]

Be on the Same Page: Communicate Perfect Condo Goals-3945

Be on the Same Page: Communicate Perfect Condo Goals

As with any corporate meeting, your condo board meeting should be where members accomplish meaningful tasks through effective decision making. So how do you Communicate Perfect Condo Goals? Your board meeting will best serve that function when everyone keeps these purposes in mind: Know your responsibilities as a board member; what is the board responsible for overseeing/implementing/enforcing/resolving? Understanding primary concerns and issues Avoid conflicts of interest and understand the liability involved Be familiar with the corporations bylaws; Specifically sections on Board & Owner responsibilities, as well […]