Finance

August 26, 2019

What’s Missing from Your Association’s Budget?

At CMA, our budgeting process is one of the distinctive practices that truly set us apart from other management companies. Budgets for 2020 are developed in […]
August 5, 2019

What Associations Need to Know about Collecting on Delinquent Accounts

Uncollected assessments and other HOA fees are the source of concerns and questions from many board members. Federal and Texas statutes detail the conditions and procedures […]
January 14, 2019

Five Things Your HOA Accountant Should Be Doing in January!

Accruals, IRS forms, and more! Besides closing out the books for 2018, HOA accountants perform some other important tasks to keep your financials in good order […]
December 6, 2018

Before Considering an Association Loan, Know These Do’s and Don’ts

Coming out of the Great Recession, many HOA communities realized that they had deferred maintenance which required urgent attention. Some projects that had been viewed as […]
October 1, 2018

What Do Experts Say about Maintaining HOA Common Area Assets? {Video Series}

Board members understand the benefits and value of maintaining community assets.  They also know the negative impact deferring required maintenance can have on property values and […]
September 25, 2018

It’s Association Budget Season!

Where Do These Numbers Come From? We’re heading into the fall season, when we prepare annual budgets for HOA clients. In developing the 2019 budgets, CMA […]
June 25, 2018

Why Accrual Accounting Is Preferred for HOAs

The following comparison of two commonly used financial reporting methods illustrates the benefits of accrual accounting. Cash Accounting Method If you have ever run a small […]
June 4, 2018

Using Your Reserve Study as a Guide to Asset Maintenance

Reserve studies are vital in ensuring that homeowners associations have the resources to maintain, protect, repair, and replace common assets not covered by homeowners’ obligations. Your […]