Association Finances: Budgeting, Reserves and Funding Hurricane Losses

November 14, 2017
Start: 6:00 PM
End: 7:30 PM

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., Liliana M. Farinas-Sabogal, Esq., and Hugo Alvarez, 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

 

Sign-in starts at 5:30 ap.m.

 Light snacks and refreshments will be provided.
This class is complimentary, but seating is limited.
Registration is required.

For more information, contact Leydis Hernandez.
  305.260.1041 or by email lhernandez@bplegal.com.

Location:

U.S. Century Bank
18201 Biscayne Blvd.
Aventura, Fl 33160