Whether you are a community property manager or a board of director, the time has once again arrived for the 2017 budget preparation and implementation. By now the associations with management companies should have received the proposed 2017 budgets and self managed associations should be actively putting together their 2017 budgets as well. As a result, I thought I would share my “Italian sauce recipe” for preparing and implementing a successful budget seeing how passionate I am about cooking.
Sauce making is a process that takes time and careful planning. If done right, you will savor the flavor jar after jar over the course of the entire year. Similarly, if you properly prepare the budget, review the budget, make adjustments according to current and projected conditions, you will most assuredly approve a well seasoned budget that will stand the test of 12 months time.
About the Author
Salvatore J. Sciacca aka “Condoboss” is one of the nation’s leading experts in the community property management industry and is also recognized for his stress relieving blogs and insight on personal and organizational transformation. He is also the President and Founder of Chicago Property Services, Chicago’s #1 community property management company specializing in management and operations of condos/townhomes/HOA’s of 100 units and under. Salvatore is also the founder of managmycommunity.com (MMC), which is a state-of-the-art online support portal for community associations.
With over 20 years of industry experience, Salvatore is recognized for his extensive knowledge of capital planning, preventative maintenance, cost-saving measures and community building techniques. He holds industry stature as a Certified Manager of Community Associations (CMCA), the designation of Association Management Specialist (AMS) and is fully licensed as a manager (License #: 261.001386) through the State of IL.
Salvatore has also traveled extensively around the world and has meditated with Buddhist monks in Nepal and met the world’s happiest man, Matthieu Ricard. He’s passions include cooking, traveling, meditating and hiking. He is also the founder and executive director of the Chicagoland Italian American Professionals organization and an amateur chef.
Salvatore can be reached at: 312.455.0107 x102 or at [email protected].