California HOA Annual Budget Report: What's Due and When

A California common interest development distributes its annual budget report 30 to 90 days before the end of its fiscal year (Civ. Code §5300(a)). For a 12/31 fiscal year, that's between October 2 and December 1 or 2.

The reserve pieces

• A summary of the reserves based on the most recent reserve study.
• The Assessment and Reserve Funding Disclosure Summary (§5570).
• The assumed long-term inflation and interest rates; the interest rate assumed may not be more than 2 points above the discount rate published by the Federal Reserve Bank of San Francisco (§5300(b)(7)).

Reservetally gives a volunteer treasurer those reserve numbers to check against the study before the board approves the budget.

Last reviewed 2026-10-29. General information, not legal or financial advice. Your governing documents, reserve specialist and adviser come first.