Michael P. Mullen, C.P.A.
Certified Public Accountants
Why HOA Internal Controls Matter Before Budget Season Strong internal controls are one of the best tools a board has to protect association money and support its fiduciary duty. Internal controls are simply the policies and procedures that guide how your community handles cash, bills, reports, and approvals. When they are clear and followed, the …
Protecting Your Community From Hidden Financial Risk Board members often feel that if the bills are paid and there is some cash in the bank, the association must be in good shape. Then a routine review or an audit shows reserve shortages, unapproved spending, or missed tax filings that were visible in the HOA financial …
Stop Year-End HOA Audit Surprises Before They Start An HOA audit should confirm that your association is on solid ground, not send the board into panic mode. Yet many boards see their draft audit late in the winter and find surprises like operating deficits, reserve issues, or missing approvals that easily could have been fixed …
Turn Reserve Studies Into HOA Financial Strength Many boards want steady dues, no surprises, and clear HOA financial statements a CPA can explain in plain language. Reserve studies are one of the best tools to get there, yet they are often misunderstood or ignored until there is a crisis. Some associations coast along, keeping dues …
Protecting Your HOA Finances When Ballots Go Out Election season can put a spotlight on your association’s money like nothing else. When ballots go out, questions about dues, special assessments, and past spending move to the center of every conversation. If the numbers are not clear and consistent, trust can break down fast. Both board …
Stop HOA Fraud Before It Starts Fraud in a condo, HOA, cooperative, or timeshare often starts small. A trusted volunteer signs a few extra checks. A manager pays a personal bill from the operating account, then puts it back later, until one day they do not. Months go by before anyone notices, and by then …
