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Association Finances: Budgeting, Reserves and Funding Hurricane Losses

November 14 @ 6:00 PM - 7:30 PM

Free

Association Finances: Budgeting, Reserves and Funding Hurricane Losses
“Budgeting & Reserves”
Provider #0000811, Course #9627565, 1 OPP/ELE

Presented by Rosa M. de la Camara, Esq. and Liliana M. Farinas-Sabogal, Esq.
co-sponsored by:

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 & 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 Accounts

Registration begins at 5:30 p.m.
This class is complimentary, but seating is limited.
Registration is required.

 

Details

Date:
November 14
Time:
6:00 PM - 7:30 PM
Cost:
Free
Event Tags:
, , , , ,
Website:
http://www.bplegal.com/events

Organizer

Leydis Hernandez
Phone:
305.260.1041
Email:
lhernandez@bplegal.com
Website:
www.bplegal.com/events

Venue

U.S. Century Bank
18201 Biscyane Blvd.
Aventura, 33160 United States
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