July 2024 CT

MANAGEMENT TRENDS... from page 34.

Boards need to let the process be the process. Set policy and stand by that policy. Let management manage and not get caught up in the overall day-to day operations of the community. Being a board member is a tremen dous amount of responsibility. You as a board member are in the public eye of your community and with social media platforms every decision that “Being a board member is a tremendous amount of responsibility.” is made just becomes that much more escalated to be the right decision. Boards need to be educated on the governance process and educate their communities about the process and why and how they are governed. Below is a list of a few items that will help in the overall governance of their association: Regular Open Meetings Monthly meetings are preferred, with the dates and times for these meetings posted at the beginning of the year. Set a day of the month - for example the third Wednesday of each month. These don’t have to be long meetings and can include simply touch points with the community and

of industry-defining community management

Accounting Accurate accrual-based financial reporting Management Time tested maintenance solutions Communication Keeping boards, owners and residents informed Technology Leading-edge software platforms and financial tools

To learn more, visit IntegraMgtCorp.com or call Edward San George, MPA, PCAM at ( 973) 770-1500 .

200 Valley Road, Suite 203 Mt. Arlington, NJ 07856

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motions for approvals. Bring in Industry Professionals

There is no reason the board needs to try to answer questions on the audit

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JULY 2024