Budgeting (FIN300)

This course builds on the information learned in California Law Module II. 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:   4 hours

Course Fee:

Online Offering
Member $180
Non-Member $252




Start Date:
2019-10-28 10:00:00
End Date:
2019-10-29 12:00:00

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.

You may also qualify to take this series by correspondence if you have two or more current years of verifiable community association management experience. Learn more.

Call for Applications:
Join CACM’s 2020 Board of Directors

The CACM Board of Directors and Nominating Committee are pleased to announce the “Call for Applications” for the 2020 Election of Directors. CACM is looking for qualified community managers from throughout the state to consider joining the election.

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