Budgeting for Snow Removal Without a Crystal Ball

For community associations that maintain their own streets, exterior parking lots and sidewalks, snow removal services can easily be one of the highest budgeted expenses each year. In the real estate boom of the early 2000’s, buyers purchased homes without knowing that maintenance of the streets and sidewalks (including snow removal) would be the responsibility of the association. Developers arranged for low cost services to keep the assessments down, and after they left the community, the shock of snow removal expenses left many associations using reserve funds or passing special assessments to cover the bills. Now, professional community managers and experienced board members plan well in advance for snow management expenses. With snow removal season recently behind us, and budget season quickly approaching, late spring is an ideal time for an association’s manager and board to look back at last season’s snow plowing service and expenses, and discuss alternatives for next winter.    Read the article………….


Related Articles

Limitations on Community Association-Imposed Solar and Renewable Energy Restrictions (FL)

Due to its climate, Florida – the “Sunshine State” – is ideally situated to take advantage of unlimited and environmentally

How Much are Adequate Reserve Contributions?

At Association Reserves we understand board members face a big challenge to budget for the maintenance and replacement of their

6 Ideas for an HOA Board to Encourage Involvement in the New Year

Since a new year is about to begin, this may be a good time for you as an HOA Board