Webinar: Building A Financial Foundation

This webinar covers essential strategies for building a solid financial foundation for community associations, focusing on reserve funds and capital planning. We define the role of reserve studies and their importance in making informed financial decisions, especially for new board members and managers. The webinar explores various funding options, such as reserve contributions, special assessments, and bank loans, and analyzes their pros, cons, and long-term impact on community finances. We also discuss fiduciary responsibilities, best practices for adequately funding reserve accounts, and the importance of regular reserve study updates. Watch this webinar to learn how to effectively plan for capital-intensive projects and ensure the long-term financial stability of your community association. This webinar is also available to watch on YouTube.