annual budget

An annual budget is essential to the successful operation of our Community. It serves as a financial roadmap that allows the HOA to responsibly manage community expenses, plan for future needs, and maintain the overall quality and value of our neighborhood.

What does an Annual Budget help accomplish?

Supports

Daily   

Operations

The annual budget ensures there are sufficient funds to cover routine operating costs and services that keep our community safe, clean, and well maintained throughout the year.

Funds

Future

Repairs

The budget includes contributions to reserve funds for long-term repairs and replacements. Planning ahead for major projects helps avoid unexpected costs and reduces the likelihood of special assessments.

Establishes Fair Homeowner Fees

The budget allows the Board to calculate homeowner assessments accurately and fairly, which supports the HOA in meeting its financial obligations while keeping dues predictable and transparent.

Ensures Transparency & Accountability

Budgeting provides homeowners with a clear picture of how HOA funds are used. The budget outlines planned expenses which promotes transparency, accountability, and trust.