Budget Season (MD)

/ Owner - October 13, 2018

This is a busy time of year for Board Members and Property Managers, as many are working n their budgets for next year. We have a few tips to guide you through this process.  Maryland Clients – Please do not forget to comply with the laws regarding the adoption of your budget. As such, your Board should prepare and submit an annual proposed budget to all owners within your community thirty (30) days before the budget is adopted. The proposed budget must include your community’s income and contain line items for administrative costs, maintenance costs, utilities, general expenses, reserves and capital expenses.    Read the article………………

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