the CFM Distinction

Monday, November 8, 2010

2010-2011 ANNUAL DISCLOSURE AND NOTICE CHECKLIST FOR CALIFORNIA COMMUNITY ASSOCIATIONS



Not less than thirty (30) days nor more than ninety (90) days prior to the beginning of the fiscal year:

Pro Forma Operating Budget Civil Code §1365(a)

The association must distribute its “pro forma” operating budget within the “60-day window” to retain its ability to increase assessments without seeking an approval of the membership. If this requirement is not met, the members must approve any increase to the regular assessments.