Reserves – What, Why, How
June 27, 2024 @ 9:00 am - June 27, 2024 @ 12:00 pm
Reserves What, Why, How
Date/Time: 6/27/2024 9 AM – 12:00 PM
Venue: Online
Address: Online
Member Rate: $170
Non-Member Rate: $234
This interactive course
will teach you how to take a proactive role in the reserves process, including
selecting a reserve study preparer, determining what components should be
included and explaining the report to the board. You’ll also learn how to
use the information to help the board make appropriate funding plan
decisions.
LEARNING OUTCOMES
– Articulate the
importance of reserves and reserve studies;
– Understand the roles
of the manager, the board and the reserve study preparer;
– Determine which
components are common area maintenance responsibilities;
– Know what to look for
when reviewing the physical and financial analysis;
– Understand how to
assist the board in making decisions about which funding model to use
and how to fund the reserves;
– Describe what must be
disclosed annually; and
– Identify requirements
for borrowing from reserves.