A homeowners association budget is a financial plan consisting of the HOA's estimated revenue and expenses, as well as reserve fund contributions,...

The HOA budget is a valuable instrument for any homeowners association. It acts as a guide of sorts, steering the board to make the right financial...

Analyze your reserve fund by conducting a study and make sure to allocate a portion of the budget for the reserves. This way, you can cover future...

When you plan HOA budgets, the first thing you should do is to lay out your objectives. What is it that your association hopes to achieve in the up...

Simply put, budget ratification is when you obtain approval for the proposal from the people you are collecting money from — in this case, the home...

It depends on what your governing documents say. Some associations are required by their CC&Rs or bylaws to ratify the budget, as well as whether t...

An HOA budget should include the association's projected revenue, projected expenses, and reserve fund contributions.

Some of the steps that are part of budget preparation are: Make a business plan, look at past budgets, send requests for proposals, evaluate mainte...