Neighborhood Association Business Plans.

INTRODUCTION.

A business plan for a neighborhood association may seem unusual or even too much, but consider that an association has costs, sources of revenue and possibly a future. If so, planning for a secure source of revenue to meet costs over a number of years seems to make sense.

THE SOURCES AND USES OF FUNDS.

Modifying the traditional accounting approach, the association’s business plan can consider existing and future revenue streams and the costs associated with running the association and completing projects that the resident members may desire.