Do you automatically draft owner's bank accounts to pay the condo fees or by check?

Should HOA party funds go to reserves since we cancelled party because of Covid?

Which banks have financial services specifically for condo associations and HOA's?

Should a condo annual budget be adjusted if expense categories is showing a shortfall? Can monies be adjusted by moving estimates around?

What penalties are there if an HOA is underfunded? We are at 50%.

Does New Jersey state law require an audit? We send out monthly statements of Operating & Reserve accounts. An audit seems a waste of funds.