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The Hidden Joys of Budget Preparation

Author: 
The Hidden Joys of Budget Preparation
Publication date:
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Article Summary: 

Patrick Krall and Bill Lang provide insights into the process of preparing a condominium budget, emphasizing the importance of long-term planning, accurate data, and effective communication. They stress the need to avoid relying solely on past numbers, consider future costs, and make responsible decisions even if they involve special assessments. The authors also discuss liability and responsibility for budget approvals, highlighting the role of the board and industry professionals in the process.

Keywords: 

Condominium budget preparation, long-term planning, accurate data, communication, special assessments, liability, responsibility, board of directors, industry professionals.

Source Citation: 
The Hidden Joys of Budget Preparation
The Hidden Joys of Budget Preparation
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https://acmo.org/publications/cm-magazine/article/385
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