09/01/2026
Having a budget for your association's board is a starting point.
Many associations approve a budget in November and do not look at it again until something goes wrong.
A budget should be a working document. It should be compared to actual numbers every month so the board understands where the association stands β not where it stood six months ago.
The boards that manage their finances well are not the ones with the biggest reserves. They are the ones paying attention throughout the year.
Monthly reviews do not have to be complicated. They do have to happen.