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

Bursting the Curse of an HOA Board Member

The universe of homeowner associations seems to be a “thousand points of light” all separated by an impenetrable void. Each

Financial Record-Keeping: Following the Money

so while it’s not realistic to insist that they know as much about accounts payable as a professional might, there are a few important items that are essential for them to familiarize themselves with

When Insurance Doesn’t Insure

The outraged board sued Utica First, claiming that its “insurance coverage was illusory…and did not provide coverage necessary for a construction project.”