HOA Budget Template Generator
Generate a customized operating budget template for your HOA — with editable line items and per-unit assessment calculations.
Property Profile
Tell us about your property so we can generate a customized budget template.
Disclaimer
This tool is provided for informational and educational purposes only and does not constitute legal, financial, or professional advice. Results are estimates based on the information you provide and may not reflect your association's actual obligations. Laws and regulations vary by jurisdiction and change frequently. Consult a qualified attorney, CPA, or reserve study professional before making decisions based on these results. Propty assumes no liability for actions taken based on this tool's output.
Managing an HOA is complex. Propty makes it simple.
See How Propty WorksFrequently Asked Questions
What should be included in an HOA operating budget?
A comprehensive HOA budget includes administration costs (management, legal, insurance), utilities, maintenance and repairs, grounds keeping, reserve contributions, and amenity-specific costs like pool or elevator maintenance.
How do I calculate the monthly assessment per unit?
Divide the total annual budget by 12 months, then divide by the number of units. For example, a $120,000 annual budget for 50 units equals $200 per unit per month.
What percentage of the budget should go to reserves?
Industry best practice recommends allocating 15-40% of the operating budget to reserve contributions, depending on the age and condition of your property components. Newer buildings may need less; older buildings typically need more.
How often should an HOA budget be updated?
HOA budgets should be prepared annually, typically 2-3 months before the fiscal year begins. Most states require annual budget approval by the board and distribution to homeowners.
What is the difference between operating budget and reserve budget?
The operating budget covers day-to-day expenses (maintenance, utilities, management). The reserve budget funds long-term capital replacements (roof, elevators, parking). Both are typically funded through monthly assessments.
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