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Budget Season for Condo and Community Associations

HOA Budget Preparation, Preparing a budget for your HOA

It is budget season at RealManage, and that means our managers and accounting team are hard at work preparing the preliminary budgets for our boards to review. The budget is one of the most important things the management team and the board does each year for their community association. A great deal of effort goes into researching historical trends, as well as accurately projecting for future anticipated expenses. The team at RealManage will contact vendors, utility companies, and the like to inquire about anticipated rate increases for the new fiscal year so that these can be factored into the new budget.

By Mary Arnold, CMCA®, AMS® on Sep 6, 2018 8:41:00 AM
   
Budget Season for Condo and Community Associations

It is budget season at RealManage, and that means our managers and accounting team are hard at work preparing the...

By Mary Arnold, CMCA®, AMS® on Sep 6, 2018 8:41:00 AM