Reserve Funding
Dennis, Every one on our neighborhoods is over 200% funded in our reserves. In fact, one neighborhood is over 500% funded. Each... Read More
Voting for Board and Voting Members
Dennis, How do most HOA’s conduct the voting process for board members and neighborhood voting members. It has recently come to our... Read More
Why do reserve studies go out 30 years
Dennis, I live in a community where most of the residents are 60 and over. Our current reserve study requires 85% funded... Read More
Revenue Recognition ASC 606
Dennis, Our HOA audited financials for 2020 and 2021 do not properly follow ASC606. Are AZ HOA’s not following this revenue recognition... Read More
Documentation for assessments
Dennis, What are the rules regarding the amount a HOA can assess beyond the amount needed to cover your operating expenses for... Read More
CPA firms that are recommended for HOA
Dennis, Is there a way to search for a topic in your archives so I don’t ask a question you’ve addressed before?... Read More
Inflation factor and annual contribution increase in the reserve analysis
Dennis, I was wondering why our reserve analysis has both and inflation factor as well as a contribution increase factor. Why wouldn’t... Read More
400% over reserved
In the above post, I forgot to mention that we file under 1120-H, and no inconme taxes have been paid. Thank You,... Read More
400% funded reserve
Dennis, I have encountered a situation in our HOA. 2 neighborhoods in our HOA are assessed a monthly assessment and a separate... Read More