The annual budget review efforts get underway with the first meeting scheduled to take place in 2nd Floor Party Room, at 9am on Saturday November 15th. Here is a snapshot of the expected Agenda for the meeting:
AGENDA
Confirm Quorum
Budget Review
Closed Session
ADJOURNMENT
The next regular Board Meetings are scheduled for Monday November 24th and December 8th at 7:30PM. The next Board Meeting for Budget Review is Saturday November 22nd at 9am. All such meetings are planned to be held in the 2nd Floor Party Room unless otherwise posted.
The annual budget review efforts get underway with the first meeting scheduled to take place in 2nd Floor Party Room, at 9am on Saturday November 8th. Here is a snapshot of the expected Agenda for the meeting:
AGENDA
CALL TO ORDER
Confirm Quorum
Action Items
Security Services Agreement
Budget Review
ADJOURNMENT
The next regular Board Meeting is scheduled for Monday November 10th at 7:30PM. The next Board Meetings for Budget Review are Saturday November 15th and 22nd at 9am. All such meetings are planned to be held in the 2nd Floor Party Room unless otherwise posted.
For more about the expected budget review process for this year, see below.
Below is our expected calendar of activities for review and consideration of the proposed budget. (All noted Meetings expected to be held in the Party Room unless otherwise directed by the Board.)
Friday October 31, 2025 – Management expects to present a draft Proposed Budget to the Board and Finance Commisson.
Saturday November 8, 2025 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #1 – Categories: Expenses – Administrative, Utilities, Building Operating, Contracts, Maintenance, and Recreational.
Saturday November 15, 2025 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #2 – Categories: Garage Income & Expenses; and Payroll and Legal Expenses during Closed Session at end of Open Meeting.
Saturday November 22, 2025 – BOARD MEETING @ 9am to 12pm – Budget Review Meeting #3 – Categories: Revenue, Capital Reserve, and Final Review and Questions.
Monday December 8, 2025 – BOARD MEETING 7:30pm – At regular monthly Board of Directors Meeting, Board will review the proposed budget for final considerations and approval to mail proposed budget for Unit Owner Review.
The Week of December 15, 2025 – Proposed Budget to be mailed for Unit Owner Review.
Monday January 12, 2026 @ 7:30pm – Special Unit Owner Meeting To Review Budget.
Monday January 12, 2026 – BOARD MEETING Board Meeting following Special Meeting, to accept and/or amend proposed budget. (If the Board amends the budget in a material way, for example changing the assessment level or contribution to the reserve, it should be mailed to Unit Owners again, and another Special Meeting should be scheduled.)
If you have any questions about the budgeting process, feel free to e-mail me at parktowercondo-mgmt@habitat.com.
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