As an interested condominium owner—especially a new board member—you want to get up to speed with your homeowners association’s (HOA) financial health. Here are some questions addressed by this book. Does your HOA have sufficient reserves? - How does a reserve study help to keep long-term budgeting on track? - How do you create an annual operating budget? - How do you manage cash flow when you incur large, unexpected expenses? - How can prudent financial planning avoid special assessments? - What’s an annual review? - Which tax forms does an HOA file? - What type of insurance does the HOA need to buy? - Do my contractors have proper insurance? - What is fiduciary responsibility? - What is the difference between officers and directors