General Interest

How the Association forms its annual budgetCategoryGeneral Interest

Have you ever wondered how the Association’s annual budget process works? It’s a huge undertaking and involves a collaboration between Association management, the Finance Committee and the Board.

Here are the steps:

In July and early August, Association management provides projections for ...Read More
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What is a reserves fund?CategoryGeneral Interest

During budget season, the term “reserves” tends to come up a lot. But what is a reserves fund anyway?

Simply put, the purpose of a reserves fund is to set aside money to offset the ongoing deterioration of common areas and ...Read More

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