Glossary of Terms: annual budget report

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Table: Definition Table: Definition
Definition

the report distributed by the HOA 30 to 90 days before the end of its fiscal year

Unless the governing documents impose more stringent standards,

  • the HOA must provide a report on its yearly budget 30 to 90 days before the end of its financial year
  • the annual budget report shall include all of the following information described in Section 5300
  • the annual budget report shall be made available to the members pursuant to Section 5320
  • the Assessment and Reserve Funding Disclosure Summary form, prepared pursuant to Section 5570, shall accompany each annual budget report or summary of the annual budget report that is delivered pursuant to this article.

(Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)

CA Civ. Code § 4076

CA Civ. Code § 5300

CA Civ. Code § 5320

CA Civ. Code § 5570

CA Civ. Code § 5600