Condo Q&A

HOA Board Expense Budget Questions 

Written by CondoAssociation.com | Sat, Jan 13, 2018 @ 01:36 PM

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.