'Tis The Season of Annual Budgets
As the end of the year quickly approaches, so does the time for preparing for the New Year by planning your annual budget.  Here are a few tips to help you with proper planning:

At the beginning of the fiscal year, you should take a thorough look at all the projects that are anticipated to be completed before the year's end and prioritize the most important ones to be completed and paid for first. In doing this, you can better manage assessment fees and project funds.
It is not uncommon for expenses to increase over time. Such expenses that typically increase year over year include utilities, accounting, and legal services. To ensure that your budget is as accurate as possible, it is particularly important to take these increased costs into consideration.
Vendors are an absolute necessity to communities & properties. From landscaping to maintenance of common areas and buildings, you rely heavily on the services of your vendors. To keep costs low, you should review your vendor contracts and determine if there are any opportunities to reduce costs.
Properties should have a separate fund aside from reserves to cover insurance deductibles for the insured property. To ensure that the appropriate amounts are set aside for this fund, it is necessary to review all of the insurance policies and calculate the total amount needed to cover all of the policy deductibles.

Each year, the property should set aside a certain percentage of funds in a reserve fund to be used for the repair, maintenance, or replacement of the components of the property for which the property has an obligation to maintain. Examples of such components can include roofing of community buildings, roadways, parking lots, and community pools.

Are You Pulling Together Your 2017 Budget?

Please let us know how we can help you
with any of these upcoming projects:
  • Railing & Fencing
  • Multi-Use Pavilions
  • Walkway & Ramp Handrails
  • Dog Parks
  • Dumpster & Utility Surrounds
  • Automatic, Manual & Slide Gates
  • Decks & Balcony Renovations

Why Choose Fence & Deck Connection?
  • Most Materials In-Stock/No Delays 
  • Direct Manufacturer Buying Power 
  • We Manufacture Our Own Aluminum & Vinyl Railing w/ICC Code Approval 
  • Strong Warranties, Excellent Service, Great Pricing 
  • Badged, Professional Crews 
  • Quick & Efficient, Large Commercial Renovations are Our Specialty

MHIC #45780

Please allow us the opportunity to bid
your next project or capital renovation.  
No project is too big.

Celebrating Over 25 Years
of Serving the Mid-Atlantic Region
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(410) 757-5511