Budgets are not written to factor delinquency, and thus no amount of the assessments are based on the expectation that some homeowners will not pay what they owe. Budgets are written under the assumption that every homeowner will pay their assessments in full and on time. While that, of course, isn’t always the case, typically income from other sources which is not budgeted will make up the difference. This can include late fees, fines, certain amounts of bank account interest earned, and often includes the collection of delinquent amounts from previous years. In other words, someone who isn’t paying timely today may be offset in the big picture by someone paying who incurred their debts in a previous year. In the end, the income the association collects in reality versus the budget is almost always near 100% of expectations, give or take a little.