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Annual Plan - Kudos to the Condo Authority of Ontario! They are out with a Best Practices Bulletin… See what it includes!
Author:
Dave Williams
Publication date:
April 12, 2022
Article Summary:
The article praises the Condo Authority of Ontario for releasing a Best Practices Bulletin to help condominium boards prepare for next year's governance and operational requirements. The bulletin suggests creating an Annual Plan, an Annual Vendor and Service Review, and collecting regular unit owner feedback. The importance of annual planning and self-assessment is emphasized, and the article provides suggestions for formulating a good plan, including conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). The article also stresses the need to embrace change, especially considering factors like inflation, ESG (Environmental, Social, and Governance) issues, and sustainability. Proper planning is essential to meet long-term needs and to communicate with residents effectively.
Keywords:
CCI GHC Condo News Magazine, Condo Authority of Ontario, Best Practices Bulletin, Annual Plan, Governance, Operational requirements, Self-assessment, SWOT analysis, Strategic plans, Reserve Study, Inflation,
Source Citation:
Dave Williams
Annual Plan - Kudos to the Condo Authority of Ontario! They are out with a Best Practices Bulletin… See what it includes!
April 12, 2022
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