Also check out our spreadsheet to simplify annual income and expense planning:

[shapanwwuom]

Constantly monitor default rates , adjusting financial planning as necessary.
A well-prepared revenue forecast, which takes into account both the collection potential and the risks of default, is the basis for a solid and realistic condominium budget .


Annual Comparison of Income and Expenses
How to involve residents and the fiscal council in condominium budget planning
The success of a condominium budget plan depends not only on good technical preparation, but also on the involvement and support of residents and the fiscal council .

To promote this participation, there are some strategies that can be applied. See below.

Transparent and regular communication
Communication is key to a functional condominium, and budget planning is no different. Processes such as regular reporting , in addition to being required by law, generate trust in management, facilitate denmark telegram data the approval of necessary measures and also reduce conflicts and questions.

Furthermore, providing regular reports also contributes to more effective communication. With Group COM , Group Software's communication application, it is possible to share the interactive balance sheet , a tool that offers a clear and accessible view of financial information in a modern and technological way.

Learn more about the interactive balance sheet: Interactive balance sheet and its importance in your condominium's financial reporting .

Holding participatory assemblies
The annual general meeting is the time to discuss and approve the budget planning , and it is essential that this moment is productive and efficient. Here are some tips that can help:

send the agenda in advance , including detailed budget planning;
use clear and accessible language when presenting the budget;
be prepared to answer questions about each budget item;
use visual resources (graphs, tables) to facilitate understanding;
record all decisions in minutes and make them available to everyone.
Even so, participation may not be ideal . To get around this problem, a good option may be to hold virtual meetings. Condominium apps, such as Group COM , offer specialized platforms for holding meetings.