Please join Westward360 to review the budget drafting and adoption process as you move through budget season, along with best practices for getting your budget adopted on time and ahead of the busy holiday season. In this one-hour session, we will review:

• The budget draft template
• Considerations for assessment increases
• Inflation considerations
• Operating vs. Reserves budgeting
• Pitfalls to avoid as you finalize your budget for distribution

 

Homeowners Associations (HOAs) and Condominium Associations (COAs) frequently face budgeting challenges that can have long-term consequences if not addressed properly. Here are the biggest budgeting mistakes HOAs & COAs commonly make when planning for their next fiscal year: