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Education for your Community Association

A Seminar for Board Members, Community Association Managers, and Owners

WSCAI Saturday Seminar for Condos and HOAs

Saturday Seminars are offered four to six times per year. Each seminar is up to three hours long; full of timely information to assist owners and board members who reside in all forms of community associations – condominiums, homeowners associations (HOA) and cooperatives. Various topics are covered by industry professionals who are members of WSCAI and specialize in a segment of the industry.

Date & Time

Saturday,
September 8, 2018

Registration & Breakfast:
8:00 a.m.
Program:
8:30 a.m. – 12:30 p.m.

Location

Sheraton Hotel
100-112th Ave NE
Bellevue, WA 98004

Pricing

WSCAI Members
$35 thru 8/24; $45 thru 9/5; $55 after 9/5

Non-Members
$69 thru 8/24; $79 thru 9/5; $89 after 9/5

9/8/18 Seminar Topic


Budgeting Basics, Financial Controls & Legislative Requirements

Budgeting is one of the primary responsibilities of boards of directors and management companies. Without a proper budget, financial statements are less meaningful. Without proper financial controls, the board, manager, and ownership can be at risk. We will discuss legal requirements, preparation of the budget, and 10 pitfalls to avoid.

NEW for 2018: Did you know that there is a new Act that went into effect July 1, 2018? The Washington Uniform Common Interest Ownership Act (WUCIOA). Although many sections of the Act apply to new communities, Section 326 “Adoption of Budgets – Assessments and Special Assessments” applies to ALL communities. The section addresses the budget and ratification process, the contents and disclosures included in the budget, including a statement about whether the association has a reserve study that meets the requirements of Section 331 (Reserve studies), and special assessment ratification process.

You will also learn about:

  • Accounting methods, budgeting models and requirements.
  • Budget components, steps to developing an accurate operating budget.
  • How to incorporate the reserve study into the budgeting process.
  • Looking at cash flow and retained earnings to measure the financial health of the association.
  • Approval process and disclosure requirements.
  • Steps for meaningful financial controls, and the basics of audits and the auditing process.

This budget class is in its 15th year and is one of CAI’s most popular classes. Be ready for an interactive session, with plenty of opportunity to ask questions and discuss budgeting and financial issues facing your community.

Click on the image above to download the Registration Form as a printable pdf.

Presenters:


Kevin Ducotey, CMCA, PCAM

Kevin Ducotey, CMCA, PCAM

Director, Condominium Management, AMMC

Kevin Ducotey, CMCA, PCAM, the Director of Condominium Management in Bellevue WA.  Kevin has been involved in the condominium industry since 1989 and supervises a staff of 15 employees and oversees 85 associations from Olympia to Stanwood.  Kevin’s experience in the industry combined with his finance degree provides him a special insight on budgeting and how the process can impact the financial health of the association over a period of time.

Catherine Kuhn, CPA

Catherine Kuhn, CPA

Firm Director, Newman & Company, CPA, PC

Catherine Kuhn, CPA, is the Firm Director for Newman & Company, CPA, PC, (N&C) which is devoted exclusively to serving the financial needs of almost 900 community associations in Washington and Idaho. N&C is the former Cagianut & Company, with the same experienced team, now owned by Jeremy Newman, CPA. Prior to entering the HOA industry in 2006, Cathy was a partner in a large Bellevue CPA firm, and started her career in 1982 with a national CPA firm. Cathy teaches classes and writes articles for WSCAI. She is also a “ZAG” Mom of two daughters in college and volunteers for Bellevue Young Life.

Jim Talaga, RS

Jim Talaga, RS

President, Association Reserves, WA

Jim Talaga, RS, is the President of Association Reserves, WA. Jim and his staff have been responsible for over 9,300 Reserve Studies in the Pacific Northwest since 1997, serving a wide range of facilities and interests. Prior to joining Association Reserves, Jim worked with his father for a decade building custom homes, and as a certified Real Estate appraiser. He is a noted authority on reserves and property issues, and a longstanding speaker and educator for the Community Association industry. Jim was a member of the Community Associations Institute Legislative Action Committee for eleven years, where he regularly participated in proposed legislation, and the drafting of laws affecting community associations. Jim is a credentialed Reserve Specialist (#RS 66), and has periodically served as a board member of two HOA’s.


Sponsored by:

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ServPro of Edmonds, Lynnwood & Bellevue West

PRIME (Pacific Rim Investment and Management Enterprises, Inc. Logo

PRIME

Trestle Community Management Logo

Trestle Community Management

HUB - HOA and Condo Solutions

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Community Associations Journal - July/August Issue

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Attorneys:

Leahy Fjelstad Peryea
206-403-1933
leahyps.com

Pody & McDonald, LLC
206-467-1559
PodyMcdonaldLaw.com

Rafel Law Group PLLC
206-838-2660
rafellawgroup.com

Ryan Swanson
206-464-4224
RyanSwansonLaw.com

Banking & Financial Services

1st Security Bank
Drew Ness: 425-697-8075
fsbwa.com

Alliance Association Bank
Craig Huntington: 888-734-4567
Judy Nordstrom: 296-327-0496
AllianceAssociationBank.com

Columbia Bank
425-691-5025
ColumbiaBank.com

Popular Association Banking
Grant Shetron: 510-406-3198
AssociationBankers.com

Construction:

Charter Construction
206-382-1900
chartercon.com

Morrison Hershfield
206-268-7370
MorrisonHerschfield.com

Ruff Construction
425-487-0702
ruffconstruction.com

Insurance:

Community Association Underwriters (CAU)
Amy Clements, ARM, CIRMS:
267-747-7170
Dianna Kaspar, CIC, CIRMS:
267-747-7181
cauinsure.com

HUB International
800-339-9270

Management Companies:

Yalnes, Inc.
Seattle: 206-708-7777
Tacoma: 253-358-2000
yalnes.com

Reserve Studies:

Association Reserves
253-661-5437
reservestudy.com

Roofing:

Malarkey Roofing Products
503-283-1191
malarkeyroofing.com

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