Budget and Board Meeting

Because transparency about budgets was raised at the task force meeting, I thought I would let folks know how our process is going. Our HOA Board met last week to discuss, among other things, the budget. Because we were also discussing 2 policies, and our bylaws require that notice of board meetings where policies are going to be voted on be mailed to the homeowners, all homeowners received a letter notifying them of the meeting and where to find the agenda on our website. 3 board members (we currently have 2 vacancies on our board) representing 3 households were present. 4 other households were present. That's 7 households out of 87 in our HOA. Homeowners were given the opportunity to comment as well. Our annual meeting is in a couple of weeks where the budget will be discussed in detail. The letter notifying the homeowners of the meeting includes a statement on their right to veto the budget if they so desire (as outlined in CCIOA).