What must the Board of Directors do within 30 days after the beginning of the fiscal year?

The Board of Directors is required to prepare and distribute the annual budget and assessments within 30 days after the beginning of the fiscal year to ensure proper financial planning and communication with community members. This process is vital for maintaining transparency regarding the community’s financial situation and helps residents understand how their dues will be allocated throughout the year.

By preparing and distributing the budget, the Board provides insights into projected income and expenses, which can include maintenance, utilities, and other essential services. This proactive approach enables residents to be informed about financial decisions and encourages participation in community governance.

The other options, while they might be relevant in specific contexts, do not reflect the standard obligation of the Board of Directors at the start of the fiscal year. Holding a special election, collecting fees, or conducting a survey do not specifically align with the immediate responsibilities following the fiscal year's commencement compared to the priority of preparing the budget.