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Posted By LarryB13 on 03/09/2013 9:08 AM
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The board should have appointed officers to handle the day-to-day operations of the association. That's what officers do.
And that is what we have done.
Quote:
Posted By LarryB13 on 03/09/2013 9:08 AM
1
The board should have also budgeted money for small office items and delegated the purchase of these things to the officers.
We've done this as well.
For us, small office items would be defined as postage, printing, envelopes, paper and printer ink
Quote:
Posted By LarryB13 on 03/09/2013 9:08 AM
1
The board should delegate petty and/or routine matters to the officers. There is no circumstance under which a $5.00 purchase should ever be on any board's agenda.
In the OP post, the issue was purchasing repair parts.
We do not know if this was discovered during routine maintenance or is an unscheduled repair.
My Association doesn't have amenities or common elements that require a yearly operating fund to cover minor repairs or maintenance. If we did have the need for such a fund then common repairs and maintenance supplies would be paid for from that fund with proper receipts (similar to common administrative costs). However, unexpected/unplanned repairs would likely require expenditure approval from the Board (be it $5 or $500).
Bruce gave the best answer:
It really depends on the size of your annual budget and how your budget is set up. For some associations, small purchases like these would be considered to be "lost in the noise." Since Judith's Board called a meeting for such an expenditure, they thought the need for prior approval was there.
Quote:
Posted By LarryB13 on 03/09/2013 9:08 AM
1
One of the hallmarks of inexperienced managers is an inability to delegate.
Just remember, you can delegate authority but you may not delegate responsibility.