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How Does a Florida Community Association Build Next Year’s Budget?

How Does a Florida Community Association Build Next Year’s Budget?

Budget season is where a Licensed Community Association Manager (CAM) does the heavy lifting. Your CAM pulls twelve months of actuals, chases vendor renewal numbers, gets the reserve study in front of the board, and drafts the document directors will spend two meetings arguing over. The board sets priorities and casts the votes, while the manager assembles the record those votes rest on. For every Homeowners Association (HOA) and Condominium Owners Association (COA) Synergistic Community Association Management handles in Florida, that work starts months in advance. Highlights A Florida...

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