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
Understanding Your Associations Expenses
Written by: Madeleine Logan

The expenses your association incurs play a vital role in the financial backbone for your community association. They affect your Net Income, Future and current Budgeting, financial standing and are planned to be spent on the betterment for all of the residents within your association. Understanding what your expenses are and the significance of having financial control over your spending is very important to every homeowner within your association.

Expenses consist of the cost of goods and services used to operate and maintain property.  Typically, there are three types of expenses for community associations. First your Operating expenses are those that occur on a regular basis such as the utilities, insurance, and administrative costs. Secondly, not as common but just as important are the Major improvement expenses.  Major improvement expenses consist of items that are not necessarily required, but are added to improve the overall life for the residents in the community or to enhance the value of the community association.  These typically last more than one year and involve a large amount of funding for the community association. Examples of major improvement expenses are the addition more picnic areas, or adding additional street lights. 

The third form of expense is your replacement fund expense. This consists of funds set aside to a reserve for the replacement of major components of a community’s common property. Typically, the replacement fund might be used to replace asphalt paving, sidewalks, roofs, central heating and cooling plants, swimming pool, tennis courts, elevators, and many other varied property components. When adding a major item it will be a major improvement expense. When replacing that major improvement item as it deteriorates, this will come from the replacement fund.  These two expense items are ones often overlooked when planning and spending occurs, and if not accounted for can be very costly mistake if proper financial control over your association is not implemented.

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