Board brief: Managing your association budget and finances
Ensuring your association's financial health is one of a board’s main responsibilities and is crucial to effective operations, maintaining property values, and enhancing residents' lifestyles. By covering your financial bases with a well-crafted budget and sound financial planning, your board can address operational and maintenance needs, implement capital improvements, and develop engaging programming for residents.
But how do you get started? What steps should you take to create a healthy budget to ensure your association's financial well-being now and in the future?
In this edition of the Board Brief, we will take a look at:
Recording date: 1/18/24.
But how do you get started? What steps should you take to create a healthy budget to ensure your association's financial well-being now and in the future?
In this edition of the Board Brief, we will take a look at:
- They key components of an association budget
- Strategies for managing dues, assessments and delinquencies
- Financial reporting
- And more!
Recording date: 1/18/24.