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2017 Legislation – AB 1079 – Annual Policy Statement Distribution Deadlines

Current law requires requires the association to distribute an annual policy statement between 30 to 90 days before the end of the fiscal year. This bill would change the time […]

2015 Legislation – AB 596 – HOAs Must Disclose FHA Status

Updated on 7/6/15: AB 596 proposes to add another disclosure to an HOA’s annual budget report: a statement describing the status of the common interest development as a condominium project approved […]

How to Plan Your HOA’s Budget

Budgeting in condo associations and other HOAs takes planning: gathering the right disclosure documents, anticipating rate changes in utilities and insurance, and following the Davis-Stirling Act. Get started with all […]

Shifting the Paradigm: Turning Disclosure Obligations into Opportunity

Published in the ECHO Journal, October 2012 We are all far too familiar with the implosion of the subprime housing bubble in late 2008 and the resulting free fall in […]

Fund Accounting Vs. Equity Method of Reporting: Which One is Right for You?

Published in the ECHO Journal, January 2013 Financial statements for a homeowners’ association may be presented using either the Fund Accounting Method of Reporting or the Equity Method of Reporting. […]

Annual Financial Statement Review: Working with your CPA

Published in the ECHO Journal, November 2013 The California Civil Code, under Section 1365(c) [new code §5305] of the Davis-Stirling Common Interest Development Act, requires that: “A review of the […]

Annual Policy Statement

Annual Policy Statement Overview The Annual Policy Statement is one of two main collections of disclosures required under the New Davis-Stirling Act. The second main collection of disclosures is contained […]

Disclosure: Insurance Coverage Summary

The Insurance Coverage Summary is a disclosure detailing the association’s property, general liability, earthquake, flood, and fidelity insurance policies. The Summary must be submitted with the Annual Budget Report and […]

Reserve Study

At least once every three years, the board should conduct a visual inspection of all accessible areas of the major components that the association is obligated to repair, replace, restore, […]

Annual Budget Report under the New Davis-Stirling Act

Disclaimer: The rules and procedures described below are taken from the New Davis-Stirling Act, effective January 1st, 2014. The new law meets the requirements established under the current laws. To […]

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