Mandatory financial documents the HOA must provide to members, often annually.
Financial disclosure refers to the requirement — under state law or governing documents — that the HOA share key financial information with its members. Typical disclosures include the current year's budget, reserve fund balance, reserve study summary, delinquency rate, and sometimes the audited or reviewed financial statements. California's Davis-Stirling Act has one of the most detailed disclosure requirements in the country, mandating an annual pro forma operating budget and reserve summary distributed to all members. Disclosures ensure members can evaluate the community's financial health and hold the board accountable.
Financial disclosures are often the first thing a buyer or their agent reviews before purchasing in a community. Missing or inadequate disclosures are a red flag for poor governance.
Annual Disclosure
The bundle of financial and governance documents the HOA is required to distribute to all members each year.
Audit
An independent review of the HOA's financial records to verify accuracy and compliance.
Reserve Fund
Money set aside by an HOA for future major repairs and replacements of common elements.
Delinquency Rate
The percentage of homeowners who are behind on dues at a given point in time.
LotWize handles financial disclosure tracking automatically — along with violations, ARC requests, meeting minutes, and homeowner communications, all in one platform built for self-managed HOAs.
Start 14-Day Free TrialThis page provides general information only — not legal or financial advice. HOA laws vary by state and community. Always consult your governing documents and an HOA attorney for guidance specific to your situation.