Budget Season: Prepping for Spring
Many outdoor maintenance services are slowing down or stopping due to cold temperatures and winter being right around the corner, so now is the time to start budgeting for spring maintenance and repairs. If your board performed a property walk-through this summer, you’ll know what will need attention once the snow melts. If your roads, […]
Association Funds – Operating vs Reserve
As you create your HOA’s 2021 budget, make sure you plan on having more than enough money in both your reserve and operating funds. Having both funds full is important to maintain the upkeep of your community. But what is the difference between operating and reserve funds? And why can’t you just use one fund […]
Association Funds – Operating vs Reserve
Since most association’s are on a calendar fiscal year, the Board of Directors and Management will soon begin, or have begun already, working on the 2019 Operating Budget. This budget, essentially, sets the “dues” – so we thought it would be a timely opportunity to explain the difference between the “operating budget” funds, vs the […]