Section 47F-3-108 requires an annual meeting of the association. During this meeting, the HOA board addresses various issues, presents the annual budget, and discusses upcoming major projects.An annual meeting of the association must be held every year. 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. 1. DO: Tell Them What to Expect It's important to explain to your members that nothing can be discussed outside of the meeting agenda. Prep and plan early. It must be recorded in the county where the property is located to be enforceable. Each year (HOA), homeowners and mixeduse community associations need to plan for their annual meetings. It's well, a big deal. 5. Is an Annual Meeting of Members required?