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Budgeting and Reserves

November 13 @ 9:00 AM - 11:00 AM

Free

Budgeting and Reserves
Provider #0000811 | Course #9627704 | 2 CE Credits (2 ELE or 2 IFM)

Presented by: Kevin L. Edwards, 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 at 8:30 a.m.

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

 

Co-Sponsor:

Douglas A. Dierdorf, MA
Commercial Insurance Agent

Tickets are not available as this event has passed.

Venue

Palm Aire Country Club
5601 Country Club Way
Sarasota, FL 34243 United States
+ Google Map
Phone:
(941) 355-9733
Website:
http://www.palmaire.net/