Florida Community Association Manager Practice Exam

What triggers the requirement for a new budget meeting?

1. Any complaint from members

2. A petition with 10% or more member signatures

3. Changing board members

4. Approval of new assessments

The correct answer is: A petition with 10% or more member signatures

The requirement for a new budget meeting is triggered by a petition with 10% or more member signatures. This reflects the importance of member involvement and representation in community associations. In many community association governing documents, or under Florida statutes, a certain percentage of member signatures can compel the board to schedule a special meeting to address concerns or proposals, including budget matters. This mechanism ensures that the voices of the members are considered in decision-making processes, particularly if they feel strongly about the current budget or potential changes. Other options do not establish a formal requirement for a new budget meeting in the same way. Complaints from members may lead to discussions, but they do not necessitate a meeting. Changing board members does not inherently trigger a budget review; typically, the new board would continue with the existing budget until the next scheduled review. While approval of new assessments may impact the budget, it does not automatically call for a new meeting unless prompted by member involvement or specific provisions in the governing documents.