Adams Stirling PLC
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ASSESSMENTS AND FEES

*Board's Financial Duties
*Types of assessments
*Assessment Collection Menu
Allocation methods (pro rata, uniform, variable)
Budgeting (menu)
Capital improvements
Disclosure checklist
Dues vs Assessments
Fees (menu)
Payment method (cash, credit card, check)
Proportionate share
Tax deduction
Unexpected expenses
 
EMERGENCY ASSESSMENTS
Defined
To pay judgments
 
FEES
*Fee limitation
Architectural fees
Assessment collection fees
Ballot inspection
Bounced check fee
Clubhouse fee
Copying fees
Decals
Electronic records
Escrow fees
Foreclose on fees
Garbage collection fees
Late fees
Legal fees
Management contract fees
Minutes - copy fees
Move-in/out fees
Nonresident fees
Parking fees
Renter fees
Snail mail fee
Transfer fees
 
REGULAR ASSESSMENTS (DUES)
20% limitation
Affordable housing units limitation
Amendment to restrict increases
Budget (menu)
Committee approval
Comparison to other HOAs
Disputed charges
Dues defined
Duty to assess
Duty to pay
Erroneous assessments
Mid-Year increase
Notice of increase
Offsets not allowed
Priority of payments
Pro rata
Raising dues
Temporary dues increase
Variable assessments
Withholding dues
 
REIMBURSEMENT ASSESSMENTS
Defined
Notice of hearing
 
SPECIAL ASSESSMENTS
Advocacy by boards
Allocation method
Board Approval
   -5% limitation
   -budgeted gross expenses
   -canceling an assessment
   -duty to assess
   -frequency of assessments
   -multipurpose assessment
   -overlapping assessments
Disputed charges
Duty to pay
Landscape maintenance district
Maintenance assessment district
Membership Approval
   -approval requirement
   -canceling an assessment
   -death and dying
   -expenditure limitation
   -extended balloting
   -multipurpose
Political contributions
Priority of payments
Pro rata
To fund reserves
 
WEBSITES
AICPA Accounting Guide
FASB (Financial Accounting Standards Board)
 
RELATED MENUS
    Audits
    Banking
    Budgets
    Collection of Assessments
    Dispute Resolution (ADR, IDR)
    Fees
    Reserves
    Taxes
 
 
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