Erica Golightly
HOA Budget Approval Process: Key Steps and Timeline
Step-by-Step Process and Timeline for Your 2027 Budget Getting your HOA budget ready for January 1 takes five stages: draft, review, adopt, notify, and implement. The dates need some attention early on. Your board may still be discussing the landscaping contract when an owner-notice deadline is approaching. Use this HOA budget approval checklist to organize…
Should Your PTO, PTA, or Booster Club Be a 501(c)(3)?
Most groups that raise money in their own name, hold their own bank account, and accept donations should eventually become a 501(c)(3) — the IRS designation for a federally tax-exempt charity. But “eventually” is the key word. Quick answer: For most groups that raise money in their own name, yes. 501(c)(3) status exempts your revenue…
What Can PTO, Booster Club, and Nonprofit Funds Be Spent On?
PTO, booster club, and nonprofit funds should support your group’s stated purpose, serve its charitable or educational goals rather than private interests, and follow any restrictions attached to the money. Those three tests are your starting point — not a substitute for your bylaws, school policies, or state law. Quick answer: Before approving a purchase,…