Must-know Budgeting Basics for Community Association Board Members

Community association leaders can protect their community’s financial health by using effective management practices and sound business principles. Developing a budget is a critical part of that process. Check the association’s declaration and bylaws for budget due dates and other requirements.

Our guide features an example schedule based on a fiscal year that begins on Jan. 1. It also includes a 10 step process to manage your community’s budget planning process.

Budgeting Basics is part of Community Association Living: An Essential Guide for Homeowner Leaders, which serves as an introduction for board members and residents to gain a better understanding about their preferred place to call home and make their community association living experience a positive one.

Community Association Living is proudly sponsored by ClickPay.