Who is usually responsible for ensuring the draft budget is prepared and reviewed?

• A. President
• B. Treasurer
• C. Secretary
• D. Vice President

Answer: (B)

The budget is the financial plan that guides the association’s operations and reserves, so the officer charged with financial stewardship leads this process. The treasurer coordinates with the community manager or finance committee to gather data, forecast income and operating expenses, set reserve contributions, and project cash flow. They review the assumptions, ensure alignment with reserve studies and financial policies, and compile the draft budget. Once ready, the treasurer presents the draft to the board for review and approval, answering questions and proposing adjustments as needed. The president oversees meetings and governance, but the detailed drafting is not their primary duty. The secretary handles records and correspondence, and the vice president supports as needed. The treasurer’s focus on financial oversight makes them the best fit to ensure the draft budget is prepared and vetted.