Property Management | HOA Financial and HOA Budgeting. Are you a new member of your associations Board of Directors? Whether you are a member of a commercial association, community association, condominium association, neighborhood association, or townhome association, knowing how to read the financial documents is part of your fiduciary duty. Whether you are the president, vice-president, secretary, treasurer, or an at-large member of the Executive Board, you have a responsibility to your association members to know how and where your associations funds are being expended. This handbook goes into great detail to provide you with the information you need to ask intelligent questions of your management company, managing agent, or accountant. Handbook produced and published by the California Department of Real Estate.