Hudson Valley CAI Holiday Party Drawing Winner is Number 5
Thank you for attending the Hudson Valley CAI Holiday Party at Orange South Choppers!
AssociationHelpNow Ritz Atlantic City Drawing Winner is Number 7
Thank you for attending the December 5 event at the Ritz Condominiums in Atlantic City!
Managers Perspective: Keeping your Association’s Budget on Track
This time of year, many association managers are getting ready to present their budget drafts to their communities’ boards of directors. That is, if the association’s fiscal year is the same as a calendar year. However, no matter what the fiscal year schedule is, it’s important that mangers take certain steps to keep the budget process on the right track all year long.
For Budgets, Your Best Guess is Not a Best Practice
One of the more challenging tasks an association board faces every year must be their annual budget. Requiring the number-crunching aptitude of skilled accountants, coupled with the board’s clairvoyance to predict not only repairs needed in the year ahead but also global inflation, budgeting is not to be approached without careful introspection into the facts and figures of the community. We spoke with John Grady, CPA of Bogush & Grady CPAs, LLP in Rhinebeck, New York for an accountant’s insights on this topic.
