Budgeting & Reserves

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Budgeting & Reserves

November 6 @ 6:00 pm - 7:00 pm EST

Free
Budget-&-Reserves

Budgeting and Reserves – For Managers Only
Provider #0000811 | Course #9627696 | 1 HR or 1 ELE Credit

Presented by David H. Rogel, 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 5:30 P.M.

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

Registration is required.

PLEASE NOTE:

There is metered street parking for $1.50/hour. Parking in the building is $3.00 for the first hour then $1.50 for each additional 30 minutes.

Upon arrival, please request access from security guard to the Becker office located on the 10th floor.

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Details

Date:
November 6
Time:
6:00 pm - 7:00 pm
Cost:
Free

Venue

Miami – Becker Miami Office

121 Alhambra Plaza, 10th Floor
Miami, FL 33134 United States
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