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READ BY ASSOCIATION BOARD MEMBERS AND MANAGERS

Opinion Article

Tired man being overloaded at work

The worse volunteer position in America

I have volunteered with many organizations. I’ve been a soccer and baseball coach, scout leader, a Lions Club president and even an EMT with my town’s first aid squad. I’ve helped many different kinds of people, in many different kinds of situations. In these positions, the vast majority of people I helped appreciated it. I assume thousands, actually hundreds of thousands of other volunteers have had similar experiences.

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Article

Man calculates money. Piggy bank and business documents on desk

Tips and Strategies: Planning an Association’s Budget

Creating and maintaining an association budget is part of a board’s fiduciary responsibility. In order to keep your community economically stable, good financial practices are needed to prosper both today and into the future. As fall nears, many associations shift their focus to the upcoming year and begin working on the annual budget process.

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Fiduciary Duty Headline 5-25-17

Understanding a Board’s Fiduciary Duty

When a homeowner decides to serve his or her association as a member of the board, that person has a fiduciary duty to act in the best interest of the community. So, what exactly does a board’s fiduciary duty entail? According to Attorney Stacey Patterson of Ansell Grimm & Aaron, PC, with offices in White Plains New York, Woodland Park New Jersey and Princeton, New Jersey, “fiduciary duty is the responsibility of the board members to ensure sound and proper operation and control of its community and to act in its best interest.”

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