Let Cedar help your community with award winning service!

We help your community with proactive HOA property management that will deliver results. Our experienced staff of certified managers are standing by to provide our award winning service to your community. The Cedar Difference is also affordable with combined savings from overall management cost and better visibility of your community finances we can help you meet your short and long term financial goals. Take a moment to review our website and then contact us to learn more about how Cedar can make the difference for your community association today. Click here or call our offices at 877-252-3327.

The Cedar Difference is your Advantage!

Service is not just a slogan, it is a way of life at Cedar. We offer clear advantages to HOA communities by providing superior service at competitive rates. Our technology and experienced certified staff give you a clear advantage to meet your community goals. We offer our communities multiple options so they can design a custom management solution that works for the needs and wants they have. No cookie cutter management style here, build a solution that will work for you at Cedar. To learn more about how we can help your community, please click here or contact us at 877-252-3327. One day soon we hope you can say, "It's good to come home to Cedar...".

Cedar Management Group Blog

Madeleine Logan
Role and Responsibility of the Board Treasurer
Written by: Madeleine Logan

The position as the treasurer for your homeowners association may not be the most glorified, but it requires just as much effort and attention as any other. The board treasurer reviews the association’s financial records, ensures timely payment of invoices, and makes necessary investments of the association’s funds. Unless the by-laws otherwise specify, the treasurer is also responsible for coordinating the development of the proposed annual budget.  Clearly the importance of this role should not be overlooked. However, treasurers may not become as involved with the financial operations of an association if they don’t feel comfortable in this arena. On the other hand, the complete opposite may occur wherein the treasurer becomes too involved or advises management of certain practices that could be completely out of line with appropriate business practices.

The treasurer does not have the authority to bind the association or the board of directors in dealings with third parties unless the board has provided express authority for the treasurer to do so. As with the association's secretary, the treasurer does not have to perform the day-to-day record keeping functions of the association when this responsibility is transferred to a management company, but the treasurer will ultimately be responsible for insuring that the financial records of the association have been maintained properly in accordance with sound accounting practices. Selecting a treasurer with an accounting background and good business judgment is essential.

In all cases, it is necessary for the management company to play an active role in the direction the board takes and to help guide and direct the association along the best path. Usually, boards recognize the value of having professionals handle their day to day operations and of being in a position to offer their community the very best in experience and wisdom.

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