Capital Reserves and Associations
March27, 2012
6:00 PM to 8:00 PM
(405 Pine Street, Winchell Room, Manchester)
COST: $45 Members/$65 Non-Members
CMCA Continuing Education Credit Approved
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Reserve funds are essential to the successful operation of a community association—not just an extra expense. And boards and property managers need to understand the importance of a reserve and how manage a reserve.
This seminar will address everything you need to know to establish the right funds and invest them responsibly. Understand the two parts of a reserve study—the financial analysis and the component inventory, and find out how to develop each. Learn about the value of reserves, what investments may or may not be suitable for your association, how to develop an investment policy and more.
• How to view the reserve study as part of the association's overall budget
• How to take advantage of the relationship between replacement reserves, maintenance and energy costs to save money
• Chart: The Update Test—does your reserve study need to be updated?
• About infrastructure items
• Changes in FDIC limits
Discussion regarding baseline funding and 30-year cash flow along with preventative maintence schedule, replacement reserve inventories and selecting reserve inventory components will be provided as well.
Speaker:
John P. Turner, PE, BIE, LEED AP (Criterium-Turner Engineers): John Turner is a Multi-Discipline (Architectural and Electrical) Licensed Professional Engineer in New Hampshire, Massachussetts and Montana, specializing in building technology and construction. He is also a Board Certified Building Inspection Engineer. Further, John is a LEED (Leadership in Energy and Environmental Design) Accredited Professional. This achievement allows John to certify a building's performance and compliance with the LEED standards, an international benchmark for design, construction and operation of high performance green buildings.
***CANCELLATION POLICY: In the event of inclement weather, the seminar will be rescheduled. If the rescheduled date does not work for registree, a refund will be issued in the same form as the payment. No refunds otherwise. If cancellation by registree occurs within 48 hours of seminar, no refund is issued.
