You may have noticed a change to you assessment amount on your most recent statement. The fiscal year for many associations ends on 12/31 and a new fiscal year means a new budget and often a new assessment amount. Each year the board of directors reviews the needs of the association and the desires of its members to create a budget. Like your own personal expenses, many of the expenses of the association go up each year and an increase in the total expenses to the association results in a change to assessments. The annual budget is distributed to all members 30-60 days before the fiscal year end. You will find the detailed expenses that your board anticipates for the upcoming year in the budget package, which may also be downloaded by logging in to your online account. If you are new to our site, we highly recommend that you register for an online account for access to your complete account history, association documents, payment options and more.