Budgeting
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Learn more about how your Homeowners' Association prepares the budget.
Who prepares the budget? The Management Company for Coeur d'Alene Place prepares the budget. What goes into creating a budget? The Associations income and expenses are reviewed and then the budget is created. Income is based upon the number of owners in the Association. Expenses are based upon approved operating costs within the organization. When are the budgets published? New budgets are published in June for the annual Association meeting. Can I see an existing budget? For this HOA, an updated yearly budget is posted in June. Who approves the budget? The Board of Directors reviews the budget which is drafted by the Management Company. The Board is responsible for approving this budget. |
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