Budgeting (FIN300)

This course builds on the information learned in California Law Sessions 3 & 4. The material incorporates real-life examples and hands-on activities to help you learn how to analyze and use reserve funding plans; budget for conversions and new construction; and utilize the budget and reserve study to help the board make fiscally responsible financial decisions.

Learning Outcomes:

  • Know how the boards assessment powers impact budgeting
  • Be familiar with the foundations of operating budgets
  • Differentiate budgets according to CID product type and size
  • Be familiar with specific considerations when budgeting for new projects and conversions
  • Budget for troublesome and frequently forgotten line item expenses
  • Differentiate between, and calculate, fixed and variable assessments
  • Resolve prior year issues, such as inter-fund liability, budget excesses, deficits and calculate cash position
  • Understand how construction defect litigation impacts a budget

Who Should Take This Course?

  • Community managers who are new to the association budgeting process
  • Accounting personnel
  • Community managers who want to earn the CAFM certification

   None. Prior attendance at FIN200 is recommended.

Continuing Education Units (CEUs):   4

Course Length:   This course is made up of two, 2 hour sessions.



Start Date:
2024-08-27 09:00:00
End Date:
2024-08-27 11:00:00

Download a Registration Form if you prefer to email or mail in your registration. 

Don’t see an offering near you? You can join a wait list to bring this series to your area through CACMs Request a Course program.