Reserve Studies Archives - Florida Association News Blog

The 2016 Florida Communities of Excellence Winners in the Financial Innovation Category were Turtle Cay HOA of Riviera Beach for large community and Tuscany Bay HOA of Boynton Beach for small community. Both of the communities are featured in the August issue of the Florida Community Association Journal. Turtle Cay is a gated community with […]

Tags 2016 Florida Communities of Excellence Financial Innovation Winners, 2016 Florida Communities of Excellence Winners, August 2016 Issue of FLCAJ, Florida community association journal, Turtle Cay HOA in Riviera Beach, Tuscany Bay HOA in Boynton Beach No Comments »

Florida Association News (FAN) is THE online resource for thousands of board members, CAMs, owners and service providers in the HOA and Condo industry. It includes the latest thoughts from the brightest minds on Community Association Management topics in Florida. Every day, new issues emerge that impact community associations. FAN makes it easy for board […]

Tags blog, board members, Campbell Property Management, CAMs, Florida Association News, Social Media No Comments »

Q: We received two bids from different accounting firms for the annual audit of our association. One was for $5,000 and the other was for $1,500. Why is there such a big difference in price? A: When offering bids to potential clients for services, a public accounting firm generally estimates the time commitment necessary to […]

Tags Community Association audit, Condo audit fees, HOA audit fees 3 Comments

Jerry Brownstein is the President of Floral Lakes HOA, which includes 8 lakes, 589 homes and approximately 1,000 residents in Delray Beach, Florida. Originally from Philadelphia, Pennsylvania, Jerry attended Pennsylvania State University obtaining his bachelor’s degree in both economics and accounting. He worked several jobs in accounting consultation and administration before making his way to […]

Tags Floral Lakes Community Association in Delray, Jerry Brownstein Floral Lakes 3 Comments

Tom Comparato is the President of Pines of Delray West, a condo association of 288 units in Delray Beach, Florida. Tom graduated from MIT in 1956 with a degree in engineering and worked in the aerospace industry and for the Federal Department of Transportation as an engineering manager before retiring. He and his wife, Josephine […]

Tags Pines of Delray West, Tom Comparato 4 Comments

The 2015 finalists for the Florida Communities of Excellence Awards have been announced! Congratulations to the following associations managed by Campbell: • Evergrene in the Florida-Friendly Landscaping Category • Pines of Delray West in the Communications & Community Category • Tuscany Bay in the Financial Innovation Category • Turtle Cay in the Financial Innovation Category […]

Tags 2015 finalists for florida communities of excellence awards, 2015 Florida COE Finalists No Comments »

Bruce Weinstein is the President of the POA Board at Frenchman’s Reserve Country Club, a lavish, gated golf course community in Palm Beach Gardens, Florida. Originally from Connecticut, Bruce attended Yale University and was a member of their football team, the Yale Bulldogs. After graduating in 1969, he worked various jobs in New Jersey, Connecticut […]

Tags bruce weinstein yale bulldogs, frenchman's reserve palm beach gardens, frenchman's reserve POA 2 Comments

This week’s word is Pooling. The Florida Condominium Act requires an association to include a reserve schedule as part of the annual budget. Reserves must be set aside for painting of the building(s), roof replacement and any other item of association responsibility with a deferred maintenance or replacement cost of $10,000 or more. There are […]

Tags pooled reserves, reserve funds for condos, straight line method No Comments »

The topic of “reserves” in community associations is one which can be confusing. Chapters 718 (governing condominiums), 719 (governing cooperatives) and 720 (governing homeowners associations) of Florida Statutes each contain provisions regarding reserves. However, while similar in some respects, the statute for homeowners associations, in particular have significant differences. For condominiums, reserves are required to […]

Tags reserves for condos, reserves for hoas, Reserves in community associations No Comments »

This week’s word is Deferred Maintenance. Deferred maintenance means postponing the maintenance of a community’s common elements. Deferred maintenance can be due to an oversight or to a lack of funds needed to conduct routine maintenance of the common elements. Therefore, the maintenance must be pushed back until money becomes available. Deferring the maintenance can […]

Tags deferred maintenance in community associations, deferred maintenance in condos, deferred maintenance in HOAs 5 Comments

Florida Association News Blog

2016 Florida Communities of Excellence Financial Innovation Winners: Turtle Cay and Tuscany Bay Featured in the August Issue of the Florida Community Association Journal

Understanding Community Association Audit Fees

Meet the Director: Jerry Brownstein

Meet the Director: Tom Comparato

Florida Communities of Excellence Awards: 2015 Finalists Announced

Meet the Director – Bruce Weinstein

What is that Word Wednesdays – Pooling

Reserves: An Overview for Community Associations

What is that Word Wednesdays – Deferred Maintenance – Why you should not wait!

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