STRATEGIC FINANCIAL
PLANNING
Date/Time: 3/20/2018 10:00 AM - 3/20/2018 2:00 PM
Venue: Online
Member Rate: $169
Non-Member Rate: $243
Do you know how to determine if 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
·
Articulate how economic
factors affect the association's financial picture and actions that can be
taken to improve the association's financial well-being
WHO SHOULD TAKE THIS COURSE?
·
Community managers
working with associations that have a lack of funds for
appropriate maintenance and/or want to educate board members and
homeowners on the complete financial condition of the association
·
Accounting personnel, and community managers who want to earn the CAFM certification
PREREQUISITES
None. At least two years of community management experience and prior
completion of FIN200 and FIN300 is recommended.
CONTINUING EDUCATION UNITS (CEUS)
4
COURSE LENGTH
4 hours
Registration for this event is closed.