Managing collections, violations, and member complaints are just some of the duties that require the immediate attention of the board, so it’s understandable why the majority of a board’s time is spent on day-to-day operations. However, one of the drawbacks of being focused on managing the day-to-day operations of the community is that strategic planning for the future of the community often doesn’t get attention it needs.
At ICRG we believe communities benefit from having a strategic plan approach that demonstrates fiscal responsibility as an important duty of the directors, as well as an opportunity to demonstrate the due diligence that goes into common element capital reserve planning. By adopting an improved strategic approach, your neighbors will see first-hand that the board has implemented a clear, well-researched strategy, for protecting and enhancing property values, and that these decisions are making the community a better place to live.
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