Section 5300 - Annual Budget Report

(b) Unless the governing documents impose more stringent standards, the annual budget report shall include all of the following information:

(1) A pro forma operating budget, showing the estimated revenue and expenses on an accrual basis.

Section 1365 - Distribution of Financial Documents to Members

Unless the governing documents impose more stringent standards, the association shall prepare and distribute to all of its members the following documents:
(a)    A pro forma operating budget, which shall include all of the following:
(1)    The estimated revenue and expenses on an accrual basis.

Changes

5300. 1365

(b)  (a)  Unless the governing documents impose more stringent standards, the association shall prepare and distribute to all of its members the following documents:        A pro forma operating budget, whichannual budget report shall include all of the following information:
(1)    The  A pro forma operating budget, showing the estimated revenue and expenses on an accrual basis.