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Budgeting with BOMA: Tips & Tricks for a Successful Budget Season

Budgeting with BOMA: Tips & Tricks for a Successful Budget Season
It's officially budget season! Get ahead of the curve with these practical reminders to help you start early, stay organized, and make the most of your BOMA network.
Start Early & Get Organized!
  1. Confirm Deadlines & Set Milestones
    Double-check your budget submission deadlines and work backward to create realistic milestones. Build in extra time to review reports and make any needed edits well before the final due date.
  2. Know Your Tools
    Make sure you're familiar and comfortable with your budgeting software — whether it's Excel, Kardin, Yardi, or another platform — to avoid last-minute hiccups.
  3. Gather Historical Data
    Collect historical income and expense data for the past 1–3 years, plus year-to-date figures, to help spot trends and support accurate forecasting.
  4. Review Contracts for Opportunities
    Take time to review existing vendor contracts. Identify any that may be expiring or could be put out for RFP to secure better pricing or terms.
  5. Complete a Current Year Reforecast
    Update your reforecast for the current year to ensure you're budgeting from the most accurate baseline possible.
Need more advice? Stay tuned for more BOMA Budgeting Tips!

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