Social distancing includes canceling public gatherings such as sports events, masses, restricting or shutting down public transportation, closing schools, restaurants, and other restrictions.
Community association leaders, managers, and residents should visit their state government website to obtain the latest information on emergency declarations.
Understanding the basis of accounting used to prepare financial reports is a vital first step to comprehending your association’s financial position and results from operations.
It’s important that HOAs create an action plan in case there is a disruption in association business.
To keep communities safe and association business operating as normal, it’s imperative that residents take preventive measures to help stop the spread of illnesses.
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