Financial Management of Community Associations | Budgets and Replacement Reserves Part 2 : Budget Preparation

A budget usually applies to a 12-month period (Jan 1 to Dec 31, Jul 1 to June 30, etc.). Your community’s budget should be approved a minimum of 45 days in advance of the start of the fiscal or budget year. This will enable distribution of the approved budget to owners before it goes into effect, and allow for printing of billing documents (coupons or statements).    Read the article………………….

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