Florida Statute 720.3033 outlines the duties and responsibilities of HOA board members. It requires board members to act in the best interest of the community, follow the governing documents, avoid conflicts of interest, receive proper training, and handle association business with transparency and accountability. It also requires the association to maintain accurate records, comply with state law, and ensure that board decisions are made responsibly and ethically. This statute emphasizes that board members must fulfill their obligations to the community and follow proper procedures at all times. These standards are meant to protect homeowners and ensure that the association is managed fairly.

This statute requires HOAs to prepare clear, accurate budgets, maintain proper reserves, and use homeowner dues in a transparent, well-planned way. Financial information is expected to be accessible, understandable, and aligned with the actual needs and upkeep of the community. When budgets are hard to obtain, unclear, or don’t seem to match the visible condition of the neighborhood, it raises understandable concerns about whether finances are being handled the way this statute intends.