Check Fraud: It Could Happen to You: You are preparing the bank reconciliation for an association you manage and there is a check that has cleared the bank for an amount that is not included in your check register. You look at the copy of the check attached to the bank statement and the check looks very similar to ones you issue out of your office, but wait… to read more of this article from Gayle Cagianut, CPA, Cagainut & Company CPA click here.
Deductibles, Insurance is for Catastrophic Events: It seems like most insurance policies have increased, and are only offering higher deductibles on issued policies. So what are we to do when we have a $2,000 claim that's under the deductible? Well, we pay for it and begrudgingly move on. Deductible clauses in many insurance policies make . . . to read more of this article from Scott Ulman, Frank Crystal & Company click here.
Happenings: In Case You Missed It . . . Chapter Luncheon Panel Presentation Synopsis: The June 7, 2007 Chapter Luncheon was another great event, with over 100 registrants and several new and prospective members attending. The event was generously sponsored by Goff and DeWalt, LLP and First Mutual Bank. The meeting room was full and I understand the dessert may have improved over the last chapter luncheon. For those of you who were not able to attend, the following is a brief summary of . . .to read more of this article from Jo M. Flannery, Esq., Ryan, Swanson & Cleveland, PLLC click here.
Leadership Skills - Part Three: "Taking Action":
An Essential Quality of Leadership: As we stated in our first installment in this leadership series, there are several key ingredients which form the benchmarks of leadership. Essentially skills, these key ingredients can . . . to read more of this article from Robert K. Goff, Goff & DeWalt, LLP click here.
The Pitfalls of Hiring your Brother-in-Law: As you sit at an association board meeting discussing which painter to hire, the board president says, "My brother-in-law does painting on the weekends and we can get him to do the work for half the price of a regular contractor." Two other board members chime in about how great it will be at the next annual meeting to . . . to read more of this article from Daniel Zimberoff, Barker Martin, P.S. click here.
Who Says Board Members Can't Be Sued?: Anyone can be sued. Plaintiffs may not win, but they can sue, and responding may be costly, time consuming, and stressful. Board members are subject to the same risk of suit as other association members for failure to pay assessments and comply with governing documents. The risk of being sued increases for board members. People who sue associations often sue . . . to read more of this article from Ken Harer, Condominium Law Group, PLLC click here.
