Budgeting Best Practices

Preparing the annual budget is one of the Association’s most important responsibilities. The Board has the fiduciary role in establishing a well prepared budget that’s main purpose is to determine what the assessments will be for the upcoming year. Preparing a budget often comes with many challenges as the Board may encounter unanticipated expenses and the need to consider providing for reasonable reserves.  Here are a few of the budgeting best practices to consider when preparing the budget:    Read the article…………….


Related Articles

How to Avoid Burnout for Community Association Managers

It’s 2016, a week away from a new year and it seems that burnout has become a fact of life

6 Reasons a board should Hold an HOA Executive Session

By statute, an HOA’s board of directors has the right to hold private meetings, called executive sessions, to discuss privileged

How to Successfully Live Under a Homeowners Association

If you buy a condominium, townhouse or single-family home in a newer development, you’re likely to become a member of