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Basics of accounting for nonprofit HOAs

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#ALTACITIES goes to school on #HOA nonprofit accounting terms per courtesy of this Davis-Stirling site | https://t.co/buuYI5leqf — Mike Foxworth (@ALTALOMAN) January 28, 2016 Even though this YouTube video is dated from October 2011, the content is relevant and provided Easy Office CEO, Jeff Russell , describing the pillars for successful nonprofit accounting. Includes discussions on the appropriate people, processes, and systems required. Around the typical common interest development (aka HOA) in the USA, a negligible percentage of homeowners understand accounting or spend time researching or self-educating about the subject. Tweets about nonprofit accounting LAUNCH A "NEXTDOOR"NEIGHBORHOOD FOR YOUR COMMUNITY Flip②▶

#ALTACITIES term▶ 'omission'

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#ALTACITIES observes: HOA governing transparency not guaranteed but is qualified, not absent by law! https://t.co/jnFjaZRA57 — Mike Foxworth (@ALTALOMAN) January 6, 2016 DISCUSSION # ALTACITIES term▶ ' omission '  rarely used, admitted in HOA world; in fact, found but once on p. 60 § 1365.7 of  California Davis-Stirling Law (DSL). ▶ 'OMISSION':  Regarding the topic, the lack of multiple definitions in the DSL * (as noted above) doesn't preclude or eliminate such reference elsewhere in the California Civil Code, as in  Civil Code §5800 - §5810 where you will find the word  'omission'  mentioned nine (9) times. In fact, to better understand the application of ' 'omission'  as that term relates to board duties, you probably need to do a thorough  SEARCH  of the term on multiple state law and HOA sites. The  ALTACITIES SEARCH LINK  may assist this task. Legal case law also needs to be reviewed and that, agai...

Mining a 'dust up' in happy valley

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( CORONA   in sync with   ALTACITIES ) Most of the tenets of community for common interest developments (homeowner associations or HOAs) in California are codified and specified by the Davis-Stirling Law.  But clearly, one matter on which that law is silent is how to negotiate and deal with county property zoning laws in any given locality. Such is the challenge for our greater community of Temescal Valley, a story that is partially detailed in the following archive. ▶ Flip②▶  STORIFY  ♥  FLIPBOARD ★  BLOGGER  ▲ ALTACITIES  ® ▶  TWITTER [ View the story "Mining a 'dust up' in happy valley" on Storify ]

What do you know about D&O insurance?

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One of the most esoteric topics in the HOA world (homeowner associations and common interest developments) is the subject of directors & officers insurance.  The expense is usually identified as a separate line item in the HOA budget, but homeowners rarely, if ever, pay attention to the matter. Flip②▶ STORIFY ♥ FLIPBOARD ★ BLOGGER ▲ ALTACITIES © [ View the story "HOAs - Checklist for your DOI* coverage" on Storify ] "Turn your wounds into wisdom." ~Oprah Winfrey #dailyqotd #qotd http://t.co/fq1zI7UyVq — Mike Foxworth (@ALTALOMAN) June 22, 2015

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