CMCA - Community Association Management

CMCA - Community Association Management Ad hoc committee - answerused when an objective needs consideration and no standing committee can absorb that issue; short-term basis board liaison system - answerdirectors assigned to certain committees to guide the committee on Board policy and procedures and to report back to the board fiduciary duty - answerrequires directors to act in the best interest and for the benefit of the corporation management audit - answera review of governing docs and existing policies and procedures, current condition of the property, owner/resident satisfaction, and fiscal operations management audit - answercan be done by the board and manager together OR a third-party consultant standing committee - answerhave a continued existence and are not related to the accomplishment of a specific, once-only task Gives BOD rights to act on owner's behalf - answer- specific state statutes - general state statutes - declaration - articles - bylaws - gov. docs Primary role/responsibility of owners - answer- pay assessments - read/comply with docs - treat leaders w/respect and honesty - vote in community elections - contact leaders regarding financial obligations - maintain property according to est. standards