“It’s hard to believe that a neighbor or professional manager could mismanage association funds but it does happen. Installing safeguards can add to the financial stability of your community. Tracking transactions, reviewing reports and examining contracts rank high on the best practices list.”
To strengthen good governance the Board should have in place a number of best practices designed to provide greater administrative transparency and accountability over daily operations. The Board, not Klingbiel, Powell and Altruz, remains the legal entity that ultimately is held responsible for fiscal mismanagement, such as accounting lapses and/or poor bookkeeping. Board members should be diligent applying best practices. For these practices, click here.
Is the Heatherlea Board diligent? What are their practices?