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


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


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