“Budgeting and its relationship to the Reserve Study” (formerly “Accounting-Budgeting 101”)
We recommend this course be taken as a follow-up to “Financial Statement Fundamentals”. It is designed for board members and unit owners with limited knowledge or experience in preparing a budget or reserve schedule.
We will walk you through budget preparation and calculating annual assessments, good accounting practices and record keeping, and how to spot discrepancies, expenses not paid and/or expenses paid to the wrong account when reviewing your financial reports. We’ll also explain how to understand your reserve study, how the study affects your budget, what the minimum required reserve fund disclosures are, and what you need to know about reserve funding and expenses.
Your association is at risk without budgeting sufficient funding for your capital improvement projects. Knowledge is power and this course will help set the tone for good long-term planning!
This class requires approximately 2 ½ hours.
|Ticket Information ||Ticket Price |
| Budgeting and its relationship to the Reserve Study || Free |