Budgeting and Reserves

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Budgeting and Reserves

September 17 @ 10:00 am - 12:00 pm EDT

Free
Budget-&-Reserves

Budgeting and Reserves – For Managers Only
Provider #0000811 | Course #9627704 | 2 IMF or 2 ELE Credits

Presented by Kenneth S. Direktor, Esq.

Come join us and learn the steps it takes to create a successful budget and reserve plan. When creating a financial plan for your association there are many things to consider, such as “operating expenses.” In this course, you will learn how to create and maintain a proper budget and reserve plan.

Topics we will cover include:

Budget Planning

  • Workshop meeting notice requirements
  • Components of a budget
  • Calculation of assessments

Adopting The Budget

  • Boards vs. Members
  • Statutory Requirements vs. Bylaw requirements
  • 115% Rule/ Alternative budget
  • Affidavit of mailing
  • Meeting minutes

Reserve Requirements

  • Straight Line Reserve Calculations
  • Conversion of Straight Line to Cash Flow Reserves
  • Use Of Reserve Funds For Other Purposes
  • Transferring Money Between Reserve Account

Sign-in 9:30 AM.

Light refreshments will be provided.
This class is complimentary, but seating is limited.

Registration is required.

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Details

Date:
September 17
Time:
10:00 am - 12:00 pm
Cost:
Free

Venue

Fort Lauderdale – Becker Ft. Lauderdale Office

1 East Broward Blvd., Suite 1800
Fort Lauderdale, FL 33301 United States
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