Strategic Financial Planning (FIN320)

Do you know how to determine if your association is in financial trouble? Associations mired in financial challenges, such as underfunded reserves, deferred maintenance and looming special assessments, will benefit from your knowledge acquired in this course. You will be prepared to assist your board(s) in developing a strategic approach to reserve and operating fund planning and articulate the various elements and multiple options they can choose from in their desire to achieve financial stability.

Learning Outcomes:

  • Understand how the reserve study, reserve fund and operating budget interrelate to provide a complete financial picture of the association
  • Be aware of options for dealing with lack of funds, unforeseen maintenance expenses and planning for the unexpected
  • Define costs for common area components that may be unspecified in the reserve study and explore factors that can affect the validity of a components assigned replacement cost
  • Help your board put a comprehensive plan in place for the associations short-term, intermediate and long-term maintenance needs
  • Articulate how economic factors affect the associations financial picture and actions that can be taken to improve the associations financial well-being


Who Should Take This Course?

  • Community managers working with associations that have a lack of funds for appropriate maintenance and/or want to educate board members and homeowners on the complete financial condition of the association
  • Community managers who want to earn the CAFM certification
  • Accounting personnel


Prerequisites:
   None. At least two years of community management experience and prior completion of FIN200 and FIN300 is recommended.

Continuing Education Units (CEUs):   4

Course Length:   4 hours

Course Fee: 

Online Offering
Member $180
Non-Member $252

 

Schedule

No courses are currently scheduled.

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.