Florida Community Association Manager Practice Exam

Who must sign the approved budget for a community association?

1. The treasurer and the secretary

2. The president and one other officer

3. The treasurer and one other officer or president

4. All members of the board

The correct answer is: The treasurer and one other officer or president

The requirement for signing the approved budget for a community association is established to ensure proper oversight and accountability in the financial management of the association. The correct answer indicates that the treasurer, who is typically responsible for managing the association's finances, must sign the budget along with either another officer or the president. This practice reflects a system of checks and balances within the management structure of the community association. Having both the treasurer and another designated official, such as the president or another officer, sign the budget helps verify that there has been a collective agreement and approval of the financial plan by key members of the board. This measure aims to enhance the credibility of the budget and provide assurance to the community that the financial decisions have been made with the involvement of multiple leaders, rather than relying on a single individual's judgment. The other choices suggest different signing requirements that either omit the necessity of the treasurer or involve all board members, which is generally impractical and unnecessary for a budget approval process. The chosen answer is aligned with standard governance practices in community associations, ensuring both accountability and collaborative decision-making.