Category: Finance

Finance
1996 Jul/Aug Keeping Track of the Bottom Line

It's a typical scenario. The board and managing agent assemble for the regular monthly meeting. Things get lively and everyone participates. The group discusses staff issues, makes decisions about the tile color in the laundry room and dire…

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Finance
1996 Apr Underlying Mortgages

The financing of your co-op's underlying mortgage is one of the most significant factors in the fiscal integrity of your building. The size of the mortgage and corresponding monthly payments have a significant impact on the value of each …

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Finance
1996 Apr A Six-Step Program for Boards

In 1991, the American Institute of Certified Public Accountants (AICPA) issued its Guide to Audits of Common Interest Realty Associations, more commonly referred to as the CIRA Guidelines. Much controversy followed this event as professio…

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Finance
1996 Apr A Six-Step Program for Boards

In 1991, the American Institute of Certified Public Accountants (AICPA) issued its Guide to Audits of Common Interest Realty Associations, more commonly referred to as the CIRA Guidelines. Much controversy followed this event as professio…

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Finance
1996 Mar We've Got You Covered

One of the most important pieces of insurance coverage a co-op or condo building carries is its directors and officers (D & O) policy. This coverage protects the personal assets of board members from exposure in the event a lawsuit is fil…

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Finance
1996 Feb Making Ends Meet

This is the time of year when many boards are engaged in the budget and planning process. Unfortunately, this process sometimes results in the unhappy realization that the cooperative does not have enough sources to cover all of its proj…

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Finance
1996 Dec/Jan New Lending Options for Co-ops

In the first cold day of the season, a group of res- idents and politicians stood in front of the Griffin, a 199-unit co-op in Brooklyn, trying to stay warm. You're not cold are you? exclaimed Jeannette Gadson, deputy borough president of…

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Finance
1995 Jul/Aug Financial Checks and Balances

Is a co-op or condo owner, protecting your building's financial stability is of paramount importance in maintaining the value of your investment and your quality of life. As stories of mismanagement and fraud continue to come to light, bo…

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