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	<title>APM News Express &#187; investment</title>
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	<description>Community Association Property Management, Palm Beach Co., Florida</description>
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		<title>Watch Your Community Association Funds Closely</title>
		<link>http://www.apmnews.org/watch-your-community-association-funds-closely/</link>
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		<pubDate>Thu, 22 Apr 2010 20:04:13 +0000</pubDate>
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				<category><![CDATA[Board of Directors]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Statutes]]></category>
		<category><![CDATA[bank ratings]]></category>
		<category><![CDATA[Cash]]></category>
		<category><![CDATA[Community Association]]></category>
		<category><![CDATA[funds]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Safety]]></category>

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		<description><![CDATA[With deteriorating bank balance sheets and the lowering of the bank ratings, we are reminded that Boards of Directors have a statutory and fiduciary duty to maintain and invest community association funds wisely and safely.  With the current low yields and lower assessment revenues there may be a tendency for some associations to want to forget that the Florida statutes are quite clear about commingling, investing and reporting when it comes to your association funds.]]></description>
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