<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

HOA Board Expense Budget Questions 


Question:

Reviewing the Approved Budget and Actual Budget for Misc Expense over the past two years I am a bit disconcerted. Here are my concerns:

2016 Full Year Budget under Misc Expenses $3,500.   Actual: $56.50. 2017,

Full Year Budget under Misc. Expenses $13,000. Actual: $536.09.

Proposed 2018 Misc Expense Budget $27,497.12 to be voted on by owners mid January 2018.

My questions are: 1.) Why is the HOA doubling it for 2018 and apparent from previous 2 years, Actuals are low? 2.) Why is the 2018 Proposed Misc Expense Budget in 'concise' numbers - down to the penny? Unit owners have to vote on this in 2 weeks and would appreciate expeditious replies. Thank You.


Answers (21)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.