Condominium Financial Management
CFM continues to be the premier financial management provider to community associations
in Northern California. We are a family run business bringing a personal touch
to our clients, while maintaining the advantage of a professional corporation. At
CFM, building and maintaining client relationships is our top priority. Our principals
are always accessible, and every client is assured the same level of expertise and
quality control in the handling of their account.
Herbert N. Krauss Tax and Accounting was originally formed by the husband and wife
team of Herbert & Linnea Krauss in 1975. After the death of Herbert in 1980, Linnea
took over the company changing the name of the firm to Condominium Financial Management
(CFM) and retaining only the contract service related to Common Interest Developments.
CFM is a member of the Management Firm Council of the California Association of
Community Managers (CACM). The company was awarded the prestigious Accredited Community
Management Firm designation from CACM in 1999, formally known as the Certified Management
Linnea Juarez is a founding member of CACM. She was among the first 35 managers
to receive the Certified Community Association Manager (CCAM) certification in 1993.
She was elected to the Board of Directors of CACM in 1994 and was elected to serve
on the Executive Committee of the Board in 2000. During her time on the Executive
Committee she served as both the Treasurer and Chairperson. Linnea has authored
and currently instructs two of the five core courses required to achieve the CCAM;
"Financial Management for California Common Interest Developments" and "Ethics for
California Community Association Managers". The CCAM is the only professional certification
for the HOA industry specific to California managers. She also authored "Advanced
Budgeting for CID's" for CACM and continues to work with CACM to update these courses
as changes to the law require.
Linnea was awarded the Professional Community Association Manager (PCAM) designation
by the Community Association's Institute (CAI) in May 1990 She is a senior instructor
for CAI's Professional Management Development Program courses. She is also the author
and instructor of the CAI course "Bookkeeping for Community Associations". Linnea
is a past Chairperson of the CAI National Accountants Committee as well.
Stacie Donnelly, daughter of Herbert & Linnea, joined the firm after graduating
college in 1994. She started her career with CFM as a financial preparer and is
now the Chief Financial Officer of the company.
Stacie is a past board member of CACM serving a three year term. She earned the
CCAM certification in 1997 from CACM. She currently volunteers on the Northern California
EXPO Committee. Stacie is also a member of CAI and was awarded the prestigious PCAM
designation in 2000. She was elected in 2006 to serve on the Board of Directors
for the Bay Area and Central California Chapter of CAI. She currently serves in
the role of President-Elect. She also volunteers on the social committee serving
as Chair of both the Ladies Tea and Holiday Party events.