CAMS Management Blog

THE IMPORTANCE OF PROTECTING YOUR ASSOCIATION'S MONEY

One of the most important responsibilities of a property or condominium association board of directors is protecting the association’s funds. In doing so, it is important for the board of directors and management company (if you are professionally managed) to understand the necessary internal controls and available insurance coverages to properly protect the association in the event of embezzlement or misappropriation of funds from a board member, officer, committee member or management company.  Read More


NEW SALES TAX LEGISLATION AFFECTS PROPERTY OWNERS ASSOCIATIONS

A recent North Carolina Sales Tax law has a direct impact on the budget of just about every property owners association. On July 1, the state legislature passed House Bill 1030 - Current Operations and Capital Improvements Appropriations Act of 2016, also known as the “budget bill.”  Read More


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