Annual Operating Budgets

 

The format of the budget mirrors the monthly unaudited financial statements so that the directors can easily review the impact of the budget in comparison to their previous financial statements. 

 

Each proposed budget is provided to the Board of Directors between 45 and 60 days prior to the fiscal year end.  This budget will take into account the Reserve Fund Funding Plan, general maintenance plans, established or proposed contracts and utility agreements that may be in place or proposed.

 

The advance distribution of the proposed budget provides the Board of Directors with sufficient opportunity to provide their input and any recommended revisions while providing at least ten months of historical data from the current year. 

A Member of VICommunity, www.vicommunity.com. Powered by QCTI QC Technologies Inc. and www.vimanager.com.