Factors determining rating

[GeorgeMarkle]

Section 7 of the current draft describes a formula that includes factors like...

• Proportion of directors who have passed the exam and become certified.
• Reserves percent funded.

Something the proposal calls Foundational partners credit also figures into the formula. This is intended to consider whether the association...

• Has committed to participation in activities sponsored by community association educational institutions approved by BCCAD, such as CAI (Community Associations Institute), ECHO (Educational Community of Homeowners), FCAP (Florida Community Association Professionals), etc.
• Whether the association has an attorney.
• Whether the association engages a reserves specialist for a periodic reserves study.
• Whether the association engages a structural engineer to examine balconies and critical structures periodically.

What other factors should be included in the formula for calculating a community association's rating? And what weight should such factors be given? This discussion may affect the formula in a future proposal revision. Have a look at the current version.