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Strategic Financial Planning - (Online1224)

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Description

Strategic Financial Planning

 

Date/Time: 


12/10/2024 9:00 AM - 11:00 AM

12/11/2024 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.


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