Do HOA Budgets Have a Zero Balance?

Question:

Does the Budget of the HOA have a Zero Balance.

– Waqar

 

Answer:

Hi Waqar,

Budgets show the anticipated expenses of the association. They help the board determine how much it should collect in HOA fees from owners. Here is a sample budget template: https://www.hoamanagement.com/annual-budget-template/

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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