30
CHAPTER 9:
BUDGETING
A well-structured community association budget is the backbone of a thriving
community, guiding financial decision-making and safeguarding the interests
of residents.
At its core, the budget outlines expected income and anticipated expenses for
the year ahead. It's a spending blueprint for maintaining shared amenities, paying
for landscaping, funding reserves for major repairs, and supporting the services
residents count on.
BUDGET BREAKDOWN
A standard budget covers three categories:
• Projected Revenue: Assessments, fees, and fines
• Projected Expenses: Maintenance, insurance, and management
• Reserve Fund Contributions: Savings for future repairs or replacements
30
