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Budget Adoption And Ratification Process | Cascade River Park

Cascade River Park

Cascade River Community Club

Budget Adoption And Ratification Process

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Under WUCIOA, all communities – even Old Act condos that have never been required to ratify a budget – must follow the budget ratification process outlined in RCW 64.90.525. Under WUCIOA, the board must:

  1. Adopt a proposed budget.
  2. Within 30 days of adoption, provide copies of the budget to the owners along with a budget summary.
  3. Set a meeting between fourteen and fifty days after providing the budget to the members.
  4. Give owners an opportunity to vote on the budget at that meeting.
  5. The budget is ratified unless a majority of the total votes in the association (not just the votes of the members present at the meeting) reject the budget. Even if there is no quorum, the budget is ratified.
  6. If the budget is rejected, or if notice is not provided, the last budget to be ratified remains in effect until a new budget is ratified.

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If you've had a change of address or phone number, please email the office to update your contact information.
Email: office@cascaderiverpark.com
Phone: (360) 873-2222

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