Capstone: Next Year's Budget Package – New Dues per Unit and a Chart
This lesson is part of the course
In this lesson
You assemble next year's total budget from operating costs, contingency and the higher reserve contribution, set the new rounded monthly dues per unit, show each owner's change and chart what the money is for.
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Lessons in this course
- Unit Shares & Monthly Dues: Splitting the Budget by Floor Area Locked
- The Operating Budget: Inflating Line Items, Contingency & the Total Increase Locked
- The Reserve Component List: Useful Life, Remaining Life & Future Cost Locked
- Fully Funded Balance & Percent Funded: How Healthy Is the Reserve? Locked
- A 15-Year Reserve Cash-Flow Plan: Growing Contributions, Big Projects & the Low Point Locked
- Closing a Funding Gap: Special Assessment vs Association Loan Locked
- Owner Accounts: Open Balances, Late Fees & the Collection Rate Locked
- Capstone: Next Year's Budget Package – New Dues per Unit and a Chart Locked