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Association Governance

How to Make a Better Budget

Want to Make a Difference as a HOA or Condo Board Member? Make a Better Budget

The single most important thing the Board of Directors of an HOA or Condo can do is build a good budget. That’s not hyperbole. The budget is central to everything that happens throughout the year for your community association. A good budget means your community is properly maintained, your property values are kept up and it helps minimize unexpected expenses that lead to unpopular actions like assessment fee increases and special assessments.

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