Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who prepares and associations draft pro forma budget?

April 26, 2017Association budget draft Forma prepares Pro

0

Posted

Who prepares and associations draft pro forma budget?

1 Answer

0

Posted

Corsair prepares a draft pro forma budget based on the association’s 12 month average and the reserve funding recommendations provided by a reserve study analyst of the association’s choice. The draft budget will be presented to the board for a majority vote. Should the Board wish to make revisions to the proposed budget, Corsair will provide a revised budget at no additional cost.