What is an HOA annual report?
An HOA annual report summarizes the association’s financial performance and activities over the past year, board elections, completed or upcoming projects, reserve funding status, and any changes to the governing documents.
Why does an HOA annual report matter?
This report is often the clearest, most complete picture residents get of how their community is actually doing, which makes it one of the most valuable trust-building tools a board has, if it’s done well and shared widely.
When You’ll Run Into This
This usually comes together right before the annual general meeting, pulling from the same numbers that feed the community’s financial statements. Our guide to what board members must know about HOA financial statements covers where a lot of that underlying data comes from.
