Want to improve your COA’s cash flow? The size, growth, and projects in a Condo mostly depend on its community. Projects are mapped out, planned, budgeted, and determined to be important to a condo when community members are involved. This is because they are the ones to pay the fees and the special assessments when […]
Tag Archives: budget
23
Jul
Jul
Inflation has affected pretty much everything. From shopping online to shopping at your favorite mall. You get into a supermarket to get your favorite groceries and you either find them in reduced, smaller packs or with increased priced tags. You order an item online, and you get a call that it cannot be delivered at […]
16
Jul
Jul
Home Owner Associations and Condominium Associations are responsible for keeping the common areas of their property in good working order. As these communities age or as unforeseen acts of God or accidents happen, sometimes an unexpected repair or replacement needs to take place. For this reason, reserve funds are not optional, but an important part […]
21
Jun
Jun
Budget Preparation Budget preparation is an essential part of every association’s finances, no matter the time frame – quarterly or annually. For homeowners associations, a well-drafted budget must be prepared as a new financial year approaches, but not all associations know how to draft an HOA budget. An HOA budget is essential to the financial […]