Operating Budget Proforma
The operating budget pro forma is a theoretical budget based on assumptions regarding the operating expenses that will be incurred to finance the day-to-day operation of the homeowner association. “Pro forma” is a Latin term that means according to form or as a matter of form.
The pro forma budgeting process does not have the benefit of knowing what the historical costs of operating the Association have been since there is no operating history to look back on.
Due to our extensive database of financial information for more than 1,000 condominiums and planned communities CRC is uniquely qualified to evaluate your project and assist with developing the budget pro forma based on the operating history of similar communities.