In this episode of 'Navigate your HOA,' host Geoff Warnock dives into the intricacies of HOA budgeting and expenses. The podcast breaks down how budgets serve as a community's financial backbone, ensuring that common areas and essential services such as landscaping and security are maintained. Geoff highlights the importance of reserve funds for major repairs, outlines the budgeting process involving the HOA board, and explains how assessments are calculated. The episode also emphasizes the significance of homeowner involvement in budgeting meetings and committees to prevent unexpected special assessments and maintain financial transparency.