Budget - Community Association Professionals Denver

Budget, Educational | May 1, 2026

Understanding HOA Financial Reports: A Guide for Board Members

Managing an HOA means making smart, informed decisions — and that starts with understanding your financial reports. As a board member, you have a legal and ethical responsibility to ensure your community’s financial health. This guide breaks down the key components of HOA financial reporting and how professional management brings clarity and accountability to the process. What Are HOA Financial Reports? HOA financial reports…

Budget, Educational | February 6, 2026

Financial Management Best Practices Every HOA Board Should Know

Running a homeowners association requires careful financial stewardship that directly impacts every resident in your community. Whether you’re a newly elected board member or looking to strengthen your HOA’s financial foundation, implementing sound financial management practices is crucial for maintaining property values, ensuring community satisfaction, and avoiding costly mistakes. The Foundation: Strategic HOA Budget Planning Create Comprehensive Annual Budgets Your…

Assessments, Budget, community management, condos, Educational, HOAs, property management, real estate | February 11, 2020

HOA Board Q & A with James Phifer

James Phifer does a Q&A with Board Members and Association Members.

Assessments, Budget, business, community management, condos, Educational, HOAs, property management, real estate, technology | January 23, 2020

HOA Collections – Interview of Axela

James Phifer: The market is asking for a new take on collections. This is not an avocation for this type of collections. My intent here is to bring the information to community associations so they can do research for themselves. Personally, right now our company uses probably 99 percent traditional collections, for our associations. Some of the products coming on…

Assessments, Budget, business, community management, condos, Educational, HOAs | August 30, 2018

Assessments

WHY THEY ARE IMPORTANT Homeowner Association Assessments (HOA Dues) are used to keep your association running. Just like the money you pay to keep your electricity on, if the association doesn’t receive your assessments then all the funds budgeted won’t be available to keep the association running. What do your assessments cover? Your annual, monthly or quarterly HOA payment will...