California Association of Community Managers

FIN300 Budgeting

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This course builds on the information learned in California Law Module II. The material incorporates real-life examples and hands-on activities to help you learn how to analyze and use reserve funding plans; budget for conversions and new construction; and utilize the budget and reserve study to help the board make fiscally responsible financial decisions.

Learning Outcomes:

  • Know how the board’s assessment powers impact budgeting

  • Be familiar with the foundations of operating budgets

  • Differentiate budgets according to CID product type and size

  • Be familiar with specific considerations when budgeting for new projects and conversions

  • Budget for troublesome and frequently forgotten line item expenses

  • Differentiate between, and calculate, fixed and variable assessments

  • Resolve prior year issues, such as inter-fund liability, budget excesses, deficits and calculate cash position

  • Understand how construction defect litigation impacts a budget

Who Should Take This Course?

  • Community managers who are new to the association budgeting process

  • Accounting personnel


  • Community managers who want to earn the CAFM certification

   None. Prior attendance at FIN200 is recommended.

Continuing Education Units (CEUs):   4

Course Length:   4 hours

Course Fee:

Online Offering
Member $169
Non-Member $253




 September 18, 2018

 10:00 am - 2:00 pm


 Register Now

Don’t see an offering near you? You can join a wait list to bring this course to your area through CACM’s Request a Course program.


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