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Rain, Rain, Go Away!

Rain, Rain, Go Away!

April showers bring May flowers…and sometimes uninsured losses! Building damage caused by heavy rain, clogged gutters and storm drains, accumulated water in a crawl space and any other water that originates OUTSIDE of a building is generally excluded on most policies for several reasons.

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Special Assessment Accounting. Aware. Diligent. Timely. Accurate. Complete.

Special Assessment Accounting. Aware. Diligent. Timely. Accurate. Complete.

Record keeping and accounting for special assessments should not be as challenging as it often is. Often, as auditors we find the accounting for special assessments is incomplete due primarily to changes of management companies, inadequate tracking of owners’ accounts and payments, accounting for special assessment receipts in the wrong fund, and/or special assessment forecasts are inadequate to determine if there will be sufficient funds to pay for all repairs or pay off a loan.

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Year End Accounting: Loose Ends

Year End Accounting: Loose Ends

For most associations, their fiscal year ends on December 31. If an association does not obtain an independent audit by a Certified Public Accountant, it is perhaps more imperative that boards of directors pay close attention to the year-end financial reports.

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The Longest Life For Your Pavement

The Longest Life For Your Pavement

While we do not often think about the blacktop beneath our tires and under our feet, having a proper maintenance program for your asphalt can extend its life significantly, therefore pushing out the replacement date and saving thousands of dollars. Transblue offers free asphalt consultations, call today! 425-658-0098

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SBA’s Paycheck Protection Program: Coronavirus Relief Act Offers Loans to Management Companies, Others

SBA’s Paycheck Protection Program: Coronavirus Relief Act Offers Loans to Management Companies, Others

Management companies and other vendors hit hard by the coronavirus may have some relief headed their way. On Friday, April 3, 2020, the application process opens for the Small Business Administrations’ Paycheck Protection Program (“PPP”). This $350 billion emergency program is part of the federal government’s $2 trillion federal coronavirus relief package, officially known as the CARES Act.

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Chapter Magazine

CA Journal April 2021

April 2021 ISSUE
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