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Welcome to Module 1

Module 1 Purpose

Who's Who on Your Team

Knowledge check: the fining committee

Your Professional Advisors

Knowledge check: who do you call?

HB 913: New CAM Requirements

Knowledge check: the in-person meeting

Your Fiduciary Duties

1. Duty of Care

Knowledge check: staying quiet at the meeting

2. Duty of Loyalty

Knowledge check: same rules for everyone

3. Business Judgment Rule

Knowledge check: the business judgment rule

4. Conflicts of Interest

Knowledge check: the roof bid

Core Fiduciary Duties in Depth

Knowledge check: competing with the association

Conflicts of Interest

Knowledge check: the vendor's gift

Governing Documents

Governing Documents Hierarchy

Which Document Controls?

Knowledge check: the document chain

Budgets: Operating and Reserve

Annual Budget Fundamentals

Operating vs. Reserve Budgets

Knowledge check: the 115% rule

Special Assessments

Knowledge check: the leftover funds

Condominium Reserves and HB 913

Condominium Reserve Requirements

HB 913: Reserve Funding Flexibility

Knowledge check: the reserve pause

HOA Reserve Planning

Knowledge check: HOA vs. condo reserves

Module 1 Review

Module 1 Complete: Key Takeaways

Final check: putting it together

Study Time and Final Assessment

Review sample: Module 1, slide 6 (Your Fiduciary Duties) expanded into a teaching page plus a knowledge check. Draft only.

Module 1: Board Roles, Governing Documents, Budgets & Reserves

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