• An operating budget is a planning tool because it is a written plan for the future operations of an enterprise congruent with the strategic planning objectives. For example, installation of new production facilities to make turbochargers for diesel engines represents a new program for an enterprise. Locating the facilities near a truck manufacturer and…
If, on the other hand, the budget is forced on them, the budget will probably be viewed as a threat. • Production and administration facilities can be designed to facilitate efficient operations by handicapped employees. Many of the production processes are amenable to wheelchair-bound employees. Since IMAX is a new company, the plant and administration…
Homeowners typically need to secure approval for home renovations in HOA communities. And while the process can vary from one association to another, there are a few general guidelines you can follow. Understanding Home Renovations in HOA If there is one thing that all homeowners associations have in common, it’s that they all exist…
Every homeowners association has its own set of rules that apply to various things, even fences. It’s important to understand these HOA fence rules so that homeowners can avoid violations and board members can enforce them consistently. HOA Fence Rules: Understanding Their Purpose Homeowners associations are tasked with the job of safeguarding property values.…
Easter is coming. And, for homeowners associations, that means planning another event. Here are the best Easter party ideas you can put together for your community. Fun Easter Party Ideas to Get Everyone Involved Homeowners associations do more than collect fees and enforce rules. These associations are also in charge of planning social events that…
HOA fidelity bonds are critical to the operations of homeowners associations. But, what are these bonds anyway? And what do they cover? What Are HOA Fidelity Bonds? A fidelity bond is a form of insurance that protects homeowners associations from unanticipated financial losses such as fraud or theft. Other names for fidelity bonds include…
Wildlife can be very problematic for a homeowners association. But should boards even deal with wild animals in HOA communities? Common Wild Animals in HOA Communities It is not unheard of for wild animals to visit an HOA neighborhood. This is particularly common for communities in mountainous areas, forests, or near nature preserves. And…
Now and then, a homeowners association will run into financial trouble and require an immediate solution. In addition to special assessments, most boards turn to an HOA loan. But is a loan even advisable? What Is an HOA Loan? An HOA loan is simply a sum of cash that a homeowners association borrows from…
Romance is in the air. If you want to cook for your loved one, these Valentine’s Day steak recipes will spice up the mood. Valentine’s Day Steak Recipes for a Memorable Night A steak is a classic option for Valentine’s dinner, and it’s practically a staple — and for a good reason. A steak…
Participating in fun activities is a big part of living in a homeowners association. But, whether you have a large or small community, it can be difficult to think of HOA activities that appeal to everyone. Here are the best activities you can plan for your HOA. Fun HOA Activities to Organize for Your…