Timeline for HOA Budgets and Reserve Studies
Following is an example of an ideal timeline for a homeowner association that has a December 31 fiscal year-end.
May 1 | Authorize reserve study provider to start reserve study process. |
June 1 | |
July 1 | Send reserve study to board for approval. |
August 1 | Send budget draft to board for their review. |
September 1 | |
October 1 | Send budget for next fiscal year to owners. |
November 1 | |
December 1 | Last day to send budget for next fiscal year to owners. |
December 31 | Fiscal year-end. |
San Diego HOA Management
619-775-2414