Education – Accounting
Accounting, budgeting and financial reporting are a responsibility that is extremely important to a Board of Directors in Community Associations. FS 718, 719, 720 outlines exactly what must be in a budget, what should be reserved and how the association should report the financial results to their owners.
The more that a director can understand how an association operates financially, the better and more valuable that director will be. Hopefully, this section will be read and used as a resource for current and future community association Board of Directors.
Financial Reporting Requirements
How to Read a Financial Statement
Reserves for Community Associations
Reserve Studies for Associations











