Strategic Financial
Planning
Date/Time: 7/2/2024 9:00 AM - 11:00 AM
7/3/2024 9:00 AM - 11:00 AM
Venue: Zoom
Member Rate: $195
Non-Member Rate: $290
Do you know how to
determine whether your association is in financial trouble? Associations mired
in financial challenges, such as underfunded reserves, deferred maintenance and
looming special assessments, will benefit from your knowledge acquired in this
course. You will be prepared to assist your board(s) in developing a strategic
approach to reserve and operating fund planning and articulate the various
elements and multiple options they can choose from in their desire to achieve
financial stability.
LEARNING OUTCOMES
- Understand how the
reserve study, reserve fund and operating budget interrelate to provide a
complete financial picture of the association;
- Be aware of options
for dealing with lack of funds, unforeseen maintenance expenses and planning for
the unexpected;
- Define costs for
common area components that may be unspecified in the reserve study and explore
factors that can affect the validity of a component's assigned replacement cost;
- Help your board put a
comprehensive plan in place for the association's short-term, intermediate and
long-term maintenance needs; and
- Articulate how
economic factors affect the association's financial picture and actions that
can be taken to improve the association's financial well-being
Please note:
This is not an introductory course. It is only open to members who have at least
two years of community management experience.
Prior
completion of FINN200 and FIN300 is highly recommended.