4 Tips For Planning Next Year’s Condo Association Budget
The start of fall means the start of budget season for condominium associations across the country, and careful financial planning for the year ahead is one of a board’s biggest responsibilities during the calendar year. For those that haven’t started crunching numbers for 2019, now’s the time to get started. But where should they begin? […]
8 Easy Ways to Stay Stress-Free During Budget Season
This time of year can add extra pressure to anyone’s day, whether you are a property manager or a board member. Besides being there to lend a helping hand, we hope these helpful tips for relieving stress will help you breeze through budget season! #1: TRY AN INVERSION The “legs up the wall” pose is […]
A Budget Season Planning Guide for Condominium and Homeowners’ Associations
As community association managers, board members and unit owners are aware, condominium and homeowners’ associations (HOAs) are required by Florida Statutes (FS) and, generally, by the association’s by-laws, to prepare annual budgets. The annual budget requires considerable effort and is, in essence, a financial plan for the upcoming year. The budget is the benchmark by […]
Is a Budget Committee Allowed to Meet Privately?
Q: Our condominium association adopted the 2019 budget last week and it was a total shock to everyone in the room. The board claims it was the first time they had seen the proposed budget and there were multiple increases. The board kept saying they were following the committee’s recommendation and adopted the budget. What […]
Everything Your Association Needs to Know About the “Florida Condo Website Law”
By January 1st, 2019 a condominium association with 150 or more units is required to post digital copies of official records on an association website or a web portal wholly owned and operated by the association or a website or web portal operated by a third-party provider. Currently an association with less than 150 units […]