Cal. Civ. Code §5300
Annual Budget Report Requirements
Associations must prepare and distribute an annual budget report including a pro forma operating budget, reserve summary, assessment income projections, and insurance disclosure at least 30 days before the start of the fiscal year.
Financial
| Ref | Requirement |
|---|---|
| (a) | The board must send the annual budget to all members before the new fiscal year starts. |
| (a) | The board must send the annual budget to all owners at least 30 days before the new fiscal year. |
| (b)(1) | The budget report must show expected income and expenses for the year. |
Insurance
| Ref | Requirement |
|---|---|
| (b)(5) | The annual budget must describe what insurance the HOA carries. |
Reserves
| Ref | Requirement |
|---|---|
| (b) | The budget must show how much is in reserves and what assessments are expected. |
| (b)(2) | The budget report must summarize the reserve fund plan and the condition of major building components. |
Referenced By
- Cal. Civ. Code §5550 References
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Legal references last verified April 16, 2026.
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