top of page

Client Portal

PPM

Financial Services Marketplace

get-started-1.png

Get Started

cash-1.png
loan-1.png

Cash Management

Loan Placement

resources-2.png

Resources

Budget Season Checklist for Community Managers


Here’s your guide to making this budget season count!


Step 1: Review the Community’s Funding Needs

  • Review the latest reserve study or capital project plan

  • Identify major upcoming expenses (next 1–5 years)

  • Flag timing and amounts for near-term projects (next 12–24 months)

 

Goal: Understand when funds will be needed before the Board considers investment options..


Step 2: Assess Reserve Fund Balances

  • Check current reserve account balances

  • Compare to projected reserve funding needs

  • Identify excess funds not needed in the short term

 

Goal: Identify the amount not needed in the next 12–24 months before the Board considers investment options.


Step 3: Review Program Options with Board

  • Ensure your community is receiving CD Maturity and Hot Opportunity Alerts from the Reserve Cash Management Program

  • Review rates and timing for CDs and Money Market Accounts with the Board, keeping in mind timing of cash needs for the community

  • Engage your Financial Services or Accounting team for support, as needed

​​

Goal: Align with board on desired investment products and timeframes. Even an extra 0.50% in interest can mean more earnings for the community’s budget!

The purchasing of products and services from participating financial institutions and partners within the Reserve Cash Management Program is carried out directly by the community, and is subject to the terms, fees, and conditions of each financial institution or partner. This program is not a financial advisory or money management service. Common Area, Inc. (“CommonArea”), an independent financial technology firm specializing in working with community associations, provides the preferred network of financial institutions, partners, and tools. CommonArea receives compensation directly from participating financial institutions and partners, which it may share with your property management company to offset costs for their assistance with the management of the service.

bottom of page