What is NOT a key component of governance in community management?

In community management, key components of governance are primarily focused on the oversight and administration of the community, which typically includes financial management, communication strategies, and conflict resolution.

Creating a maintenance schedule is more operational rather than a governance issue. It falls under the realm of day-to-day management tasks, ensuring that facilities and common areas are maintained effectively. While it is certainly an important function within a community, it does not directly pertain to the overarching framework or policies that guide how the community is governed.

On the other hand, budgeting for operational costs is essential because it lays the financial groundwork for the community's functioning and allows for planning and accountability. Managing homeowner communications ensures that residents are informed and engaged, which is also a fundamental aspect of governance, promoting transparency and stakeholder involvement. Avoiding disputes among residents is critical for maintaining harmony and a positive living environment, making it a necessary governance function to uphold community standards and address conflicts as they arise.