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Real Estate News and Advice |
July 13, 2009 |
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Importance of HOA Minutes
by Richard Thompson
Homeowner associations should keep good historical records, because to know where one is going it's necessary to know where one has been. Some of those crucial records are the minutes kept at Board, Special, Committee and Annual Meetings. Minutes document decisions made during a meeting and provide a public record of actions taken. Minutes should reflect what was done, not what was said. There is a saying that "minutes are minutes, not seconds or hours." In other words, they should say enough, but not too little and not too much. Normally that means that an entire meeting's business should fit on one or two type written pages. If yours are running much longer than that, start editing. As far as content, all minutes should include the following information:
Board and Annual Meeting minutes should be distributed in DRAFT form within a week of the meeting. This is necessary to inform the members of events that may come to pass before the next meeting. After the minutes have been approved, the secretary should write Approved with the date at the bottom. Committee meeting minutes are normally distributed to only the board members since it's the Board that approves the committee's recommendations. Tips for taking minutes:
Good minutes are essential for summarizing business decisions and providing an historical record for actions taken. Essentially, minutes are the essence of HOA operations. Published: June 1, 2005 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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