[ Blog Categories ]

Financial: Money, Banking, Insurance

Four Reserve Rules

Four Reserve Rules

THERE ARE FOUR RULES OF RESERVES that associations should know. Our company has pioneered foundational concepts & principles and provided extensive educational materials to the industry for over 35 years, but all can be distilled down to the rules below as the heart of planning for reserve projects at your association. Fundamental education is key to all of our success, as board members and professionals come and go over time.

read more
Efficient Audits

Efficient Audits

ASSOCIATIONS WITH DECEMBER 31ST YEAR ENDS make up a large share of annual audits. There is often intense pressure on managers, accounting departments and audit firms to complete accurate and complete audits in a timely fashion. Completing an efficient audit requires strong communication and sharing of information.

read more
Reserves & Inflation

Reserves & Inflation

THE CONSUMER PRICE INDEX IS at a 40-year high of ~ 7% as of this writing. As we all know, that’s a big deal. Our data and research show inflation of the goods and services relating to the typical association reserve components (roof, paint, siding, windows, decks..) to have been compounding ~25% annually since 2020 – that’s a Really Big Deal.

read more
Fund Accounting For Associations

Fund Accounting For Associations

Whether preparing an annual budget or a reserve study, it is important to know how much money is available to spend and where the money is saved and recorded. Maintaining separate bank accounts for operating expenses or for reserves activities is both required by some statutes, and highly recommended. Having a bank account for each type of fund is a great place to start separating each fund’s financial activity.

read more
Reading Financial Statements Series© – Balance Sheet Part 6: FUND ACCOUNTING FOR ASSESSMENTS & EXPENSES

Reading Financial Statements Series© – Balance Sheet Part 6: FUND ACCOUNTING FOR ASSESSMENTS & EXPENSES

Community associations use a system of accounting called fund accounting. As with non-profits and charities, the entity is collecting money for specific purposes, and should account for specific financial activity in pre-determined funds.

read more
Investing & Protecting Your HOA Reserve Funds: The Right Way To Do It

Investing & Protecting Your HOA Reserve Funds: The Right Way To Do It

How you handle your HOA reserve funds really makes a difference in the successful running of your association. Managing HOA reserve funds is  important for the longevity and future investments of your association.

As a member of the board, it is your responsibility to stay on top of your reserve fund making sure it is regulated well and in the community’s best interests.

read more
  • Barker Martin
  • Condominium Law Group, PLLC - General Counsel & Collection Services - Partners Ken Harer & Valerie Oman - Phone: (206) 633-1520 Website: www.condolaw.net
  • The Copeland Group - Banner Ad
  • Porter Construction Inc - Building With Integrity - www.porterci.com
  • McLeod Construction - Building Relationships: One Project At A Time - Your Condominium and HOA General Contractor Small Service work, water mitigation, insurance repairs, and building envelope replacement. - www.mcleodconstruction.com - 206.545.7837 - Emergency Services - 206.545.7837
  • Rafel Law Group - Banner Ad
  • Newman HOA CPA - Banner Ad
  • Alliance Association Bank - Ad

Search WSCAI

Search Business Partners Directory

Diamond Sponsors

  • Agynbyte - Logo
  • Rafel Law Group PLLC - Logo
  • SageWater - Logo
  • Superior Cleaning & Restoration - A COIT Service Company - Logo
  • Association Reserves WA - Logo
  • Transblue - Logo
  • CAU - Community Association Underwriters - Logo
  • Columbia Bank - Logo
  • CIT - Community Association Banking - Logo
  • Newman HOA CPA - Audit & Tax - Logo
  • RW Anderson Services - Logo
  • HUB International NW - Logo
  • ServPro Of Seattle NW - Logo

Chapter Magazine

Journal June 2022

June 2022 Issue

Journal Advertising Partners:

  • Newman HOA CPA Audit & Tax
  • Rafel Law Group PLLC - Logo
  • The Copeland Group - Logo
  • Bell-Anderson & Associates - Logo
  • Community Association Underwriters - Logo
  • Ruff Construction - logo
  • Charter Construction - Logo
  • Popular Association Banking
  • SSI Construction
  • Alliance Association Banking
  • Sagewater
  • Catchall Environmental Stormwater Management
  • Pacific Building Envelope, Inc - Logo
  • HUB International - Logo

  • Association Reserves of Washington - Ad
  • Ryan Swanson - Jo Flannery - Flannery @ryanlaw.com