Leading, Supporting, and Serving the Non-Profit Housing Sector

Best Practices

It's actions you take to decide

  • What funds are needed to operate your housing portfolio and carry out needed capital work
  • How to generate those funds when needed
  • How to safely and productively invest funds not needed in the current period.

It includes:

  • Operating and modernization and improvement budgets
  • Replacement reserve spending plans
  • Multi-year capital plans for replacements and modernization and improvement items
  • Annual cash flow projections
  • Actual-to-budget/projected reporting
  • Maintaining and investing replacement reserves.

Best practices in this category help you:

  • Plan and control your operating and capital expenditures
  • Forecast and generate needed cash flow
  • Safely and productively invest funds not needed in the current period
  • Comply with accounting, recording, and financial reporting requirements
  • Monitor financial performance and take early corrective action
  • Protect your society from financial mismanagement and theft

You can . . .