As non-profit corporations, homeowners’ associations (HOAs) are typically required to prepare and implement a budget for each fiscal year. Establishing how the association’s income will be used and providing a blueprint that balances income and expenses, the budget must be taken very seriously and prepared with a detailed hand.

At Associa, we’ve helped tens of thousands of board members successfully set budgets and maintain financial stability. In the following pages, Rose Jurczewski, CMCA®, AMS®, shares best practices for HOA boards to craft a healthy budget and secure a stable future for their community.

Some of the suggestions include:

• Review governing documents
• Start early
• Lean on professionals
• Look at your history
• Evaluate contracts
• And more!

Download the ebook to learn how to put these best practices, and many more, into action.