Budget Approval Motion NOT Needed at Owners’ Meeting (OH)

As community associations hold their annual meetings, boards should be reminded that for most associations, owners do NOT need to approve the treasurer’s report or annual budget. The majority of association Bylaws provide an outline for the annual meeting agenda, which includes approval of last year’s annual meeting minutes by owners, reports of officers, and a board member election.     Read the article………….


Related Articles

HOA Budget Apples & Oranges

A question that occasionally comes up from the HOA membership is “Why are we paying more per month than ____(fill

Gaining support for your association’s budget

Yikes! The board studied the bids, crunched the numbers and scratched its collective head. There’s no way around it. Monthly

Condominiums in crisis: Financial troubles put many communities at risk (MD)

For five summers, a tarp has covered the swimming pool at Grand Bel II, a condominium community in Silver Spring