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Daniels Home Management prepares a draft budget by the middle of the 9th month of each fiscal year. This budget is prepared with input from the Board and consultation with the Treasurer. The draft budget includes the following items:
- An analysis and estimate based on the to date revenue and expenses of the year end financial results.
- A variance report on any budget categories with significant differences from the original budget estimate for that category.
- A proposed budget for the next fiscal year for each expense category using past experience, projected expenses and Board input on planned expenditures for the upcoming fiscal year.
- Budget notes for each category of expenses explaining the reasoning for the expense estimate, as well as the percentage change in that category from the previous budget year.
- A reporting letter to all Homeowners explaining the budget and considerations taken by the Board in determining the monthly fees.
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"As a member of the board of directors for the condominium residences at Kilgour Estate, I have a close, excellent relationship with Daniels Home Management," says Mike Dabarno.
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MIKE DABARNO FROM KILGOUR |
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Physical I Financial Management I Administration
