Featured Ebook: Annual Budget Best Practices for HOA Board Members
As non-profit corporations, homeowners’ associations (HOAs) are typically required to prepare and implement a budget for each fiscal year. Establishing how the association’s income will be used and providing a blueprint that balances income and expenses, the budget must be taken very seriously and prepared with a detailed hand.
At Associa, we’ve helped tens of thousands of board members successfully set budgets and maintain financial stability. In the following pages, Rose Jurczewski, CMCA®, AMS®, shares best practices for HOA boards to craft a healthy budget and secure a stable future for their community.
Some of the suggestions include:
- Review governing documents
- Start early
- Lean on professionals
- Look at your history
- Evaluate contracts
- And more!
Click below to download the ebook and learn how to put these best practices, and many more, into action.