Reserve Fund Planning Fundamentals: Strategic Thinking
Condo Business | November 2016
Jamie Murphy, LEED® AP, CCCA, RET, PL (Eng) | Principal
Budgeting is a process of developing a financial plan for the corporation's activities for a given period of time. Budgets are an important tool to the success of any corporation as this gives the Board of Directors an understanding of how those activities affect the units finically.