At Atlantic & Pacific Management, we’ve spent over 40 years preparing our communities for what’s next—and AB 130 is no exception.
What AB 130 Means for Your HOA AB 130 isn’t just a recommendation—it’s law as of July 1st, 2025. The bill introduces a series of requirements designed to improve the financial accountability of homeowners associations. These include: Stricter budget forecasting practices Mandatory financial audits for certain size associations Transparent financial disclosures to homeowners Clear documentation of how funds are allocated and spent While many HOAs are still scrambling to interpret and implement these changes, we’ve already done the work to align our systems and strategies with the new law. ✅ Atlantic & Pacific’s Proactive Approach We understand that compliance doesn’t happen overnight. That’s why our team is ahead of the curve—with systems already in place to: Deliver accurate budget forecasts based on real-time data and long-term planning Conduct timely financial audits in accordance with the Davis-Stirling Act and now, AB 130 Provide clear, easy-to-understand financial reporting for homeowners Maintain full compliance with new fiscal transparency mandates This preparation is not only about checking boxes—it’s about protecting your community and preserving property values through strong governance. 📊 Year-End Reviews: More Than Just a Mandate In addition to AB 130, California Civil Code §5300 requires HOAs to distribute a comprehensive Annual Budget Report and Policy Statement 30 to 90 days before the new fiscal year begins. Our team makes this process seamless by: Reviewing actual vs. projected expenses Updating reserve studies for future planning Drafting and distributing all required documents Communicating financial strategy to both boards and residents with clarity and confidence 🧭 Is Your HOA Board Ready? Ask yourself: Has your HOA scheduled its required year-end financial review? Is your current budget aligned with the expectations of AB 130? Are your financial documents prepared and audit-ready? If you’re unsure—or if your current management company hasn’t addressed these changes—it’s time for a second opinion. 💼 For Prospective Clients: Get Ahead with Atlantic & Pacific We don’t just react to changes in the law—we anticipate them. If your HOA board needs guidance, accountability, or a proactive plan to stay compliant and financially sound, our team is here to help. Let’s make sure your community is ready—not just for this year, but for the future. Contact Dominic Cirillo at Atlantic & Pacific Management 📞 (858) 672-3100 📧 dcirillo@apmanagement.net 🌐 aphoamgmt.com/sandbox/ Proudly serving HOA communities across San Diego for over 40 years.