Turn Budget

Purpose (Why we do this):

Maintaining fiscal responsibility throughout a turn season is critical to a site’s success. Turn presents the biggest budget increases for R&M/Turnover, and if handled incorrectly the biggest potential for overspending.

Policy (What you're supposed to do):

• Review prior turn budget
• Set future turn budget goals
• Adjust accordingly
• Plan/Budget any turn upgrades/improvements in advance

Procedure (HRA Way!):

1. Once your budget is approved highlight all major turn expenditures.
2. Start accumulating and comparing turn vendor bids to best fit the current budget.
3. Set goals to help maximize turn spendings.
4. If any turn upgrades are to happen, order and schedule in advance as these tend to take a bit longer.
5. Once Turn is over, review Forecasted Income Statement in Entrata to better forecast for the following year.