Cohousing-L Mailing List: Re: How does your community handle finances?

[Mac Thomson (mac]

We have have a 24 household HOA.  We used to hire a bookkeeper, but  
now we have a member who does it for free.

We charge members a $15 late fee if they haven't paid by the 15th of  
the month.  If they get behind in payments by a couple of months, we  
also begin a conversation with them to get them caught up.

Cheers,
Mac

--
Mac Thomson

Heartwood Cohousing
Southwest Colorado
http://www.heartwoodcohousing.com


"Everything in excess!!  To enjoy the flavor of life, take big bites!   
Moderation is for monks."
           - Robert Heinlein
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On May 1, 2009, at 4:16 AM, cohousing-l-request [at] cohousing.org wrote:

> Date: Fri, 1 May 2009 01:31:08 EDT
> From: NetiPotLady [at] aol.com
> Subject: [C-L]_ How does your community handle finances?
> To: cohousing-l [at] cohousing.org
> Message-ID: <bc6.4389a2ae.372be31c [at] aol.com>
> Content-Type: text/plain; charset="US-ASCII"
>
> Our community, up until now has had a management company collect dues,
> write checks to reimburse members for expenditures, pay bills,  keep  
> the  books
> etc. We'd like to hear how other communities handle these tasks. Do  
> you
> have people in the community manage these things? Do you employ a  
> bookkeeper?
> What do you do when people are overdue paying their dues/fees (we  
> are a COA
> and  so have monthly COA fees)?
>
> Thanks for your input.
>
> Gina Kruse,
> Stone Curves  Cohousing
> Tucson,  AZ