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Does My Association Include Fully Funded Reserves in Its Proposed Budget?

07.23.2020

With the budget season approaching, many condominium associations may wonder how to prepare a budget when it’s anticipated that members will vote to waive or partially fund reserves. The board must create a proposed annual budget that includes estimated revenues and expenses. In addition to annual operating expenses, Section 718.112(2)(f)(2)a, […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association