Membership and Budgets

Membership Dues

It’s up to the association to decide what financial resources it will need to manage the association. It will cost money to operate your association. Your association expenses will be based on the mission, goals and projects of the association.

Examples of new association expenses are:

• Incorporating the association with the State of Florida
• Setting up and managing an association website
• Meeting flyers, agendas and other materials
• Yard signs for meetings and events
• Office supplies, such as name tags, business cards, notepaper, binders, and folders
• Event supplies, such as food, paper products and decorations
• Meeting space rental
• Maintenance of neighborhood signage/entryways/landscaping

Some associations choose to rely on the donations instead of charging annual dues. The pitfall to relying on contributions is that the association may struggle to have enough operating funds and the cost of funding the association activities falling upon a few.

Create a Budget

1. Create budget
2. Divide the total expense budget by the number of estimated members
3. Determine frequency of dues – annual, monthly, quarterly and how they will be collected
4. Establish automated reminders throughout the year
5. Run a membership campaign once a year to encourage neighbors to register as members and educate them on the benefits of the association.