Budgets for 2021 are developed in the fall of 2020 for most of our 250+ associations. Boards must approve the final budget by mid-October. Whether your HOA is a CMA client or not, it is now time to scrutinize and prepare your 2021 budget.
Does your 2021 association budget need to address:
Modifications and upgrades to facilities:
To read more about HOA budgets and CMA’s procedures, see the article, What’s Missing from Your Association’s Budget? If you would like to learn more about specific budgeting processes, special services such as e-voting and how they may help to better align your budgeting with actual expenses, give CMA a call!
If you found this article helpful, you may also find other topics relevant to your HOA on this blog at Community. Well-Served.