I know that no one wants to think about it, but that dreaded time has come again. It’s time to get to work on the annual Association budget. While the budget process is very straight forward, the emotions it often brings out in owners, board members, and residents are not. The budget process has to balance competing interests, some want the lowest possible increase while some want more services, better amenities, or improved maintenance. All of these have to be balanced with what is required in addition to the resources of the Association and its owners.
A few budget facts you should know: Continue reading