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Word to the Wise: Don’t Fake Your HOA Budget
Manage episode 441562368 series 3596152
Вміст надано Chase Mitchell, Tom Freeley, and California Association of Community Managers. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Chase Mitchell, Tom Freeley, and California Association of Community Managers або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
“Don’t fake your budget.” Hear this and other great advice from guest Lorena Sterling with Community Association Financial Services in Palm Springs. It’s budget season, so tune in for insights from Sterling on how to create and present an association budget. This episode also presents tips on how to read and present a financial statement to the HOA board. Hear about options for funding a budget deficit or a reserve project. “If your monthly dues aren’t increasing each year, be scared,” Sterling warns. You’ll walk away with best practices including paying attention to budget line items, how to forecast increases using CPI, negotiating vendor contracts, knowledge-based budgeting, and more. If numbers scare you, this episode is for you.
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