Episode 8: HOA Budgets and Financial Reports

Episode 8: HOA Budgets and Financial Reports

In this episode we talk about the State of Florida requirement that HOAs produce two documents each year.  One is a Budget that is usually presented at the Annual Meeting; it determines what the homeowner fees will be for the coming year.   The second document is a financial report, usually produced by a CPA, which is backward looking at the past year spending.

Episode 7: Appointing Officers to the HOA

Within 30 days of the election of a new Board, that Board is required to appoint the officers of the HOA.  That would include at a minimum the President, Secretary, and Treasurer.  None of these positions need to be filled by the Directors and in fact, as far as Florida law is concerned, they need not be residents.  However, they serve at the pleasure of the Board and can be removed without cause by that Board.

Episode 6: The 2020 Election at Old Sebastian Point

This episode reviews the packet that all the owners at Old Sebastian Point received last week.  It includes a ballot and voting instructions.  While an improvement over the procedures of previous years, there are still some oddities.

Episode 5: My 30 Year experience with HOAs/COAs

In Episode 5 I talk about my 30 year plus experience living in communities run by HOAs or COAs.  That included one in New York State and three here in Florida.   I ran for the Board several times and one a seat three times.

Episode 4: Election of Directors

Here we review what Florida Statutes 617 and 720 say about electing the Board of Directors of your HOA.