and will wan rema

Un rstand your fiduciary duties. Associa ion handle

for all pa ties. r

or all p rtie Undersderst

e la e su f ne n it is ma the m Und mo

ain attentiive to your issues. This s a win

nt to do mo v

his iis

do more busiine s wiess w th the associa ive to ur issues. Th

ass

ation and s a wiin-win situation

e very large sums of money. Even if it is small it is everyoryone’s money. Board members are entrusted to ta care o

ociatio s can all, it

of the money using the best business practices and, ce king?

take k d,

ye common sense. Questions should be asked where iss, co oney, when was the last time it was checked on, who has access to it, is it insured, what investment risks is thecc board tak

Under nderstan

financial docu are a my t

ay a tax forms and the l d.

nd the Association’s Financials. Association cuments can be difficult to understand as there yriad ofof accounting tools including spreadsheets, the like. You do not have to be an accounting

genius to be on the board. Ask property management and your accountant if you do not understand something. Never lose sight of the fact that they work for you, and not the other wa

genius to be on the b our account

o fa ary, a

ur a coun ant if you do sig

ght of the ffact th wa around

volu pr

hat

In summary, according to Mr. Thew, board participation goes beyond volunteering for something. It should be an honor and a privilege to serve one’s community. One person ca

Keeping in miind th

he associiatio the Gameame of Ass

son can truly make a difference for an association.diifferen mind the need to do things for the good of on wiill

according to Mr. Thew, d volunteering for som riviilel ge to serve on ake a d

nce

will help you succe sociation

d to do uc

ia ation Life. o thin

nce for an associatiooc ngs for th

ccessfully he good of y move through

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TomEngblomCMCA, AMS, PCAM VP, Regional Account Exective 312-209-2623 Toll Free 866-800-4656, ext. 7498 tom.engblom@mutualofomahabank.com

10 | COMMON INTEREST®

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