BUDGETING
Date/Time: 4/24/2018 10:00 AM - 4/24/2018 2:00 PM
Venue: Online
Member Rate: $169
Non-Member Rate: $253
This course builds on
the information learned in California Law Module II. The material incorporates
real-life examples and hands-on activities to help you learn how to
analyze and use reserve funding plans; budget for conversions and new
construction; and utilize the budget and reserve study to help the board
make fiscally responsible financial decisions.
LEARNING OUTCOME
•
Know how the board's assessment powers impact budgeting
•
Be familiar with the foundations of operating budgets
•
Differentiate budgets according to CID product type and size
• Be familiar with specific considerations
when budgeting for new projects and conversions
•
Budget for troublesome and frequently forgotten line item expenses
•
Differentiate between, and calculate, fixed and variable assessments
• Resolve
prior year issues, such as inter-fund liability, budget excesses, deficits
and calculate cash position
•
Understand how construction defect litigation impacts a budget
WHO SHOULD ATTEND THIS COURSE?
•
Community managers who are new to the association budgeting process
•
Accounting personnel and Community Managers who want to earn the CAFM certification
PREREQUISITES
None. Prior attendance
in FIN200 is recommended.
CONTINUING EDUCATION UNITS (CEUS)
4
COURSE LENGTH
4 hours
Registration for this event is closed.