The budget is one of the most important — and most complex — responsibilities a condo, co-op, or HOA board takes on each year. There are countless moving parts: rising costs, reserve planning, capital projects, and the pressure to keep residents informed and confident. It’s a lot to balance, and it can feel overwhelming.
We’re always working to make the role of our boards easier.
This year, we introduced two major improvements to the budgeting experience:
- Budgets are ready earlier. Upgrades to our financial infrastructure enable us to share detailed budget drafts in October, giving boards more time to review and align before the new year, and communicate with owners.
- Budgets are now interactive. Our visual dashboard now enables boards to explore financial scenarios and see how each change — from common charges to reserve contributions — impacts the building’s financial outlook.
Together, these improvements give boards a clearer view of their building’s financial health and a smoother, more collaborative way to plan for the year ahead.
A deeper look at the upgraded budgeting experience
This year’s update builds on Daisy’s existing budgeting platform — one that already helped boards visualize their finances in a clear, organized way. The new version goes further, giving boards tools to interact with the data directly and understand the impact of every decision.
Boards can now:
- Model scenarios in real time. Toggle between potential increases in monthly owner costs or reserve contributions to see how each adjustment affects year-end balances and cash flow, compared to Daisy’s recommendations.
- Drill into specific categories. View detailed breakdowns of operating expenses, maintenance, capital projects, and reserves, with historical comparisons to identify trends or shifts.
- Zoom out to see the big picture. Explore building-wide charts that summarize financial health — including projected surpluses or deficits — to support more strategic planning conversations.
- Collaborate more effectively. Each version is designed for discussion, with clear visuals that make it easier for boards to align internally and communicate decisions with owners.
These updates build on Daisy’s hands-on budgeting process, adding new layers of insight and flexibility for every board.
Built on better data
Behind the scenes, Daisy’s fully digital financial infrastructure allows our team to analyze data across the nearly 200 communities we manage. That visibility helps us anticipate cost changes early — from insurance and utilities to service contracts — so budgets reflect what’s really happening in the market.
For boards, that means better forecasting and fewer mid-year surprises.
Always improving for boards
This latest update is part of Daisy’s ongoing commitment to give boards more clarity and control. By pairing expert analysis with technology built for transparency, we’re helping boards plan smarter and lead their buildings with confidence. For insights on budgets check out our budgeting guide.
