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Annual Budget Best Practices for HOA Boards

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02 CREATING A HEALTHY BUDGET 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. Read on! About Rose Jurczewski, CMCA ® , AMS ® Rose Jurczewski is a community manager for Associa Chicagoland. She oversees a portfolio of community associations. 6 5 4 3 7 8 9 10 2 02

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