During this meeting, the HOA board addresses various issues, presents the annual budget, and discusses upcoming major projects. Annual meetings for condos, HOAs, and co-ops are mandatory.This article will highlight some fundamental information about annual meetings, and offer a practical solution to how your HOA can conduct your next meeting. The HOA Annual Meeting is the event when the board members and homeowners of a HOA gather to discuss the most important things that concern the community. At the HOA annual meeting, the board holds elections, sets the budget, and takes association member questions about the direction of the HOA. Unlock the secrets to successful HOA annual meetings with our comprehensive guide. It is also when the Board presents the Annual budget to the membership. Regular meetings are held on the third Wednesday of odd numbered months, at p.m. There was no motion to change this schedule.