What is an HOA treasurer?

The HOA treasurer is the board member who owns the association’s money, keeping financial records, drafting the annual budget, tracking dues and delinquencies, scheduling reserve studies and audits, and acting as the board’s main point of contact with the CPA. Most volunteers step into the role without an accounting background, which is exactly where the pressure comes from.

Why does an HOA treasurer matter?

States including California, Florida, Colorado, and Virginia legally require regular reserve studies, and skipping them is one of the fastest routes to a surprise special assessment later. A treasurer who translates the numbers into plain language for the rest of the board, instead of just filing reports nobody reads, is often the difference between a community that trusts its finances and one that doesn’t.

When You’ll Run Into This

This role becomes the center of attention every budget season, and again whenever residents have questions about where their money is going. Our guide to handling an HOA treasurer’s responsibilities covers how to make the role sustainable.