HOA Annual Budget Approval Letter

[COMMUNITY NAME] HOMEOWNERS ASSOCIATION
ANNUAL BUDGET NOTICE — FISCAL YEAR [YEAR]

Date: [DATE]
To: All [COMMUNITY NAME] Homeowners

Dear Homeowner,

The Board of Directors of [COMMUNITY NAME] Homeowners Association has approved the Annual Budget for fiscal year [START DATE] through [END DATE].

BUDGET SUMMARY
Total Annual Income (Assessments):   $[AMOUNT]
Total Operating Expenses:            $[AMOUNT]
Reserve Fund Contribution:           $[AMOUNT]
Total Annual Budget:                 $[AMOUNT]

ASSESSMENTS FOR [YEAR]
Monthly Assessment per Unit:  $[AMOUNT]  (was $[PRIOR YEAR AMOUNT] — [X]% [increase/no change])
Due Date:                     [DAY] of each month
Effective Date:               [DATE]

RESERVE FUND
Current Reserve Balance:           $[AMOUNT]
FY[YEAR] Reserve Contribution:     $[AMOUNT]
Percent Funded (estimated):        [X]%

WHY ASSESSMENTS [INCREASED / REMAINED THE SAME]
[1–2 sentences explaining the primary drivers — e.g., insurance premium increase, deferred maintenance project, inflationary cost increases]

The full budget is available for review at [LOCATION / LINK]. Questions may be directed to [TREASURER NAME] at [EMAIL / PHONE].

Sincerely,
[BOARD PRESIDENT NAME]
Board President, [COMMUNITY NAME] HOA