Budget Development and Assessment Determination Process

Same neighborhood as before.

Getting some things done, but I wanted to ask opinions on how to do the next year budget development ...

Bylaws call for development in Oct/Nov ... no issue there. We have tasked the treasurer a couple of times to develop a budget, analyze the level of funding required, and develop an assessment figure that works, given 50% of the 189 owners actually paying it.

Should broad discussion of the numbers shift from "Treasurers Report" to "New Business" to ensure it gets sufficient air time and discussion?

Could be done either place, I think - however, by having it in New Business it gives some of us a better opportunity to address it, act and provide motions for voting.

Thoughts?

Thanks, Douglas ... yes, we did that in another neighborhood, as well.

I'll broach that at our next meeting - many of the Board members have a hard time focusing on financials :-)

It might make it easier than mixing business.

Maybe we eliminate a general Board meeting and just put out an agenda with "Financial Analysis and Development of 2019 Assessment" as the only topic for the next meeting? Nice and clean that way - would seem like the President could call the meeting, provide the agenda, per our rules, then we only work on that topic. Also provides heads up to the community.

Other thoughts?

He forgot to mention the"voluntary" association bit.

Bill,

Sorry - figured I have posed s much about this circumstance that everyone knew :-)

Yep - voluntary HOA with mandatory CCRs.

Richard and George, thanks for the clarification

You're completely right, of course, but in my experience, many people who get on HOA boards just want to be enforcers rather than administrators and managers. I have to do a lot of hand-holding in mine when it comes to financials and budgets.