REMINDER October 31st

The PTCA Board and Budget & Finance Commission Received the Proposed Budget For 2025/2026

Next up, they will be meeting to complete a category by category review:

Saturday November 2, 2024 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #1 – Categories: Expenses – Administrative, Utilities, Building Operating, Contracts, Maintenance, and Recreational.

Saturday November 9, 2024 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #2 – Categories: Garage Income & Expenses; and Payroll and Legal Expenses during Closed Session at end of Open Meeting.

Saturday November 16, 2024 – BOARD MEETING @ 9am to 12pm – Budget Review Meeting #3 – Categories: Revenue, Capital Reserve, and Final Review and Questions.

Monday December 9, 2024 – BOARD MEETING 7:30pm – Board of Directors Meeting for final considerations and approval to mail proposed budget for Unit Owner Review. 

By Week of December 16, 2024 – Proposed Budget to be mailed for Unit Owner Review.

Monday January 13, 2025 @ 7:30pm – Special Unit Owner Meeting To Review Budget.

Monday January 13, 2025 – BOARD MEETING Board Meeting following Special Meeting, to accept and/or amend proposed budget. (If the Board amends the budget in a material way, for example changing the assessment level or contribution to the reserve, it should be mailed to Unit Owners again, and another Special Meeting should be scheduled.)

If you have any questions about the budgeting process, feel free to e-mail me at parktowercondo-mgmt@habitat.com.

ORIGINAL POST September 17th

Work on the proposed budget for PTCA’s 2025/2026 Fiscal Year is underway

Below is our preliminary expected calendar of activities for review and consideration. (All noted Meetings expected to be held in the Party Room unless otherwise directed by the Board.) 

Friday October 25, 2024 – Management expects to present a draft Proposed Budget to the Board and Finance Commisson.

Saturday November 2, 2024 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #1 – Categories: Expenses – Administrative, Utilities, Building Operating, Contracts, Maintenance, and Recreational.

Saturday November 9, 2024 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #2 – Categories: Garage Income & Expenses; and Payroll and Legal Expenses during Closed Session at end of Open Meeting.

Saturday November 16, 2024 – BOARD MEETING @ 9am to 12pm – Budget Review Meeting #3 – Categories: Revenue, Capital Reserve, and Final Review and Questions.

Monday December 9, 2024 – BOARD MEETING 7:30pm – Board of Directors Meeting for final considerations and approval to mail proposed budget for Unit Owner Review. 

By Week of December 16, 2024 – Proposed Budget to be mailed for Unit Owner Review.

Monday January 13, 2025 @ 7:30pm – Special Unit Owner Meeting To Review Budget.

Monday January 13, 2025 – BOARD MEETING Board Meeting following Special Meeting, to accept and/or amend proposed budget. (If the Board amends the budget in a material way, for example changing the assessment level or contribution to the reserve, it should be mailed to Unit Owners again, and another Special Meeting should be scheduled.)

If you have any questions about the budgeting process, feel free to e-mail me at parktowercondo-mgmt@habitat.com.