When to Use Your HOA’s Reserve Fund
Spectrum AM2022-05-06T12:01:41-05:00HOA boards dutifully save part of each year’s revenue in a reserve fund for the association. But, what exactly is this reserve fund for, and how can the board ensure
How to Keep Assessments Low in Your HOA
Spectrum AM2021-09-09T12:52:37-05:00How to Keep Assessments Low in Your HOA Member satisfaction is a key element to running a successful HOA, and raising assessments is not something most board members want to
Explaining HOA Assessments to Homeowners
Spectrum AM2021-09-09T12:52:40-05:00Explaining HOA Assessments to Homeowners As our partner, we want to help you set your community and homeowners up for success. Timely and effective communication regarding assessments is one important
Your Guide to HOA Finance, Budgeting, and Accounting
Spectrum AM2021-09-09T12:54:17-05:00Your Guide to HOA Finance, Budgeting, and Accounting Kindly allow us to share a basic refresher on some financial terms related to accounting, financing, and budgeting. You may encounter
Accounting for Reserves
Spectrum AM2021-09-09T12:54:34-05:00Every homeowners’ association needs to have reserve funds set aside to help properly maintain the community and its facilities. Reserve funds are kept for major improvements to the association as
Preparing Your HOA for Tax Season
Spectrum AM2021-09-09T12:54:36-05:00As the end of the year approaches, we will soon be entering tax season. To help your board prepare for this busy time, SpectrumAM has put together some common questions
Can an HOA Accept Donations?
Spectrum AM2021-09-09T12:54:41-05:00When running an HOA, there’s always a need for more funds. Even the most financially stable HOAs can always find ways to put more funds to good use. So, you
How to Avoid HOA Fraud
Spectrum AM2021-09-09T12:54:43-05:00Here at Spectrum Association Management, we love helping our customers navigate every aspect of HOA management. One topic that doesn’t get talked about enough is how to protect your association’s
What to Do with HOA Operating Surplus Funds
Spectrum AM2021-09-09T12:54:51-05:00Even with their many expenses, an HOA board may reach the end of the year and discover they have an operating funds surplus. This occurs when all revenue or receipts,
Should You Have HOA Investments?
Spectrum AM2021-09-09T12:55:08-05:00HOA board members must always act in the best interest of the community, especially when it comes to deciding whether to invest association funds. It’s a decision that shouldn’t be