Fee & Assessment Forecasting for Condominium & Homeowner Associations (HOAs)
Azalea System’s PREDICTOR is a Windows application based on Excel that forecasts the amount and timing of Condominium/HOA fee increases and assessments necessary to deal with annual cost increases and future capital requirements. Whether you are a modest size Association or a Property Manager responsible for many Associations and hundreds of Units, it is likely that without additional income you will face future deficits in both your annual account and your capital account.
Typical Annual Debt Projection in Capital Account:
(OK for Next Few Years, but Deficits Thereafter)
How much more income is required, when is it needed, and how should it be raised? Boards respond to these questions by planning ahead, but it often takes countless spreadsheets to explore the funding alternatives and anxiety filled meetings with Association members to try to forge consensus on a way forward. You can now put all that behind you; with Predictor you can instantly go from a deficit projection to a plan with positive end of year balances and an associated fee schedule that is designed to meet the needs and objectives of your particular community. All it takes is entering a surprisingly small amount of data and asking for a solution - and yes, Predictor's recommendations are adjustable by the user.
Example of Predictor Operating Fund
Balance Forecast, Reflecting User Defined
Maximum Annual Carryover ($40,000) and
Minimum End of Year Balance ($10,000)
Associated changes in
Average Annual Fee