Reminder: Common interest developments in California are required to provide  members with a budget between 30 and 90 days prior to the start of each fiscal year. If a board fails to do so, it may not increase the association’s assessments without a vote of the membership using the secret ballot process. Also, most importantly, a current reserve study is required in order for the association’s budget to be complete and accurate. For information on reserve studies: PacificReserveStudies.com