By Joseph Chorba, CPA
Community Trends March 2015 Issue
The Importance of a Written Investment Policy Statement
The stakes are getting higher! As associations continue to accumulate replacement reserve funds, the dollar impact of investment risks multiply. Combine this with a board entrusted with the fiscal management of such funds, and although they may not be trained or experienced in the business of investing and you can imagine the possibilities. Reducing the risk of error or economic loss given these circumstances, should be high priority to association board members.