Learn How to Avoid These 5 Association Budget Mistakes

Your annual budget is a critical part of your association’s financial health. But mistakes made during the budget process can prove detrimental to that health. So how do you avoid them? We’ve compiled a list of the most common – and often preventable – budget pitfalls:

• Overspending

• Fee increases

• Special assessments

• Vendor contracts

• Reserve funding

As a board member you know that a budget is more than just a bunch of numbers on a spreadsheet. It’s a tool that helps you achieve your community’s goals and enhance your residents’ lifestyle. Fill out the form on the right to learn from - and avoid - the mistakes that other associations have made.