• Word to the Wise: Don’t Fake Your HOA Budget

  • 2024/09/24
  • 再生時間： 44 分
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Word to the Wise: Don’t Fake Your HOA Budget

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  • “Don’t fake your budget.” Hear this and other great advice from guest Lorena Sterling with Community Association Financial Services in Palm Springs. It’s budget season, so tune in for insights from Sterling on how to create and present an association budget. This episode also presents tips on how to read and present a financial statement to the HOA board. Hear about options for funding a budget deficit or a reserve project. “If your monthly dues aren’t increasing each year, be scared,” Sterling warns. You’ll walk away with best practices including paying attention to budget line items, how to forecast increases using CPI, negotiating vendor contracts, knowledge-based budgeting, and more. If numbers scare you, this episode is for you.

    Links & Resources:
    Visit us at www.cacm.org
    To listen to other podcast episodes, go to https://cacm.org/podcast/
    Follow us on social media: @cacmchat
    LinkedIn: https://www.linkedin.com/company/cacm/
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“Don’t fake your budget.” Hear this and other great advice from guest Lorena Sterling with Community Association Financial Services in Palm Springs. It’s budget season, so tune in for insights from Sterling on how to create and present an association budget. This episode also presents tips on how to read and present a financial statement to the HOA board. Hear about options for funding a budget deficit or a reserve project. “If your monthly dues aren’t increasing each year, be scared,” Sterling warns. You’ll walk away with best practices including paying attention to budget line items, how to forecast increases using CPI, negotiating vendor contracts, knowledge-based budgeting, and more. If numbers scare you, this episode is for you.

Links & Resources:
Visit us at www.cacm.org
To listen to other podcast episodes, go to https://cacm.org/podcast/
Follow us on social media: @cacmchat
LinkedIn: https://www.linkedin.com/company/cacm/
Facebook: https://www.facebook.com/CACMchat/
Instagram: https://www.instagram.com/cacmchat/
X: https://x.com/CACMchat
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