Becker & Poliakoff

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

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, Florida Statutes, requires the proposed […]

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“Budgets” – FCAP Managers Report

With budget season approaching, Florida community associations must consider their capital expenditures and long-term maintenance needs. Community associations set aside a portion of their budgets for capital expenses and deferred maintenance, frequently referred to as “reserves.” The reserves are for expenses that do not occur on a regular basis and reserves are designed to ensure […]

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Community Update – February 2020

  This month, we shine a spotlight on some of the issues that boards contend with on a regular basis. From election procedures to collection policies and data breach prevention, we provide practical guidance to help steer you and your community in the right direction. Our first article, “Election Process – Part 2 of 2,” […]

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Community Update – January 2020

The start of the new year means election season for community associations across the state. To help alleviate some of the burden board’s may be feeling this time of year, we focus this month on answering some of the frequently asked questions we receive from communities about election dos and don’ts. Is a voting certificate […]

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“Avoiding Election Pitfalls” – FCAP Managers Report

Avoiding Election Pitfalls Many condominium associations are gearing up for, or in the midst of, election season, which presents challenges and questions regarding the election process. Condominium elections that fail to follow the procedures outlined in the Condominium Act, Florida Administrative Code, and the association’s governing documents can result in an election being voided. Homeowners’ […]

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