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Creating a Budget, How to Read HOA/Condo Financials and Preventing Fraud & Embezzlement #8
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Welcome to the 2022 Virtual HOA/Condo Academy series! This is the Q&A for class #8, "Creating a Budget, How to Read HOA/Condo Financials and Preventing Fraud & Embezzlement" featuring Beth Mulcahy, Esq. This virtual seminar is possible thanks to the cities of Avondale, Chandler, Glendale, Goodyear, Mesa, Peoria, Phoenix, Scottsdale, Surprise and Tempe.
NOTE: Technical Difficulties this first 2 1/2 minutes of this podcast.
What’s On Today’s Agenda?
In today’s session, we are going to take a deep dive into everything you need to know about your association’s finances including how to create a budget, how to read your association’s financials, the financial responsibilities of board members, reserve studies and how to prevent fraud and embezzlement.
I will also give a quick overview of the new HOA/Condo laws that were signed into law during the 2022 Arizona Legislative session and will go into effect on September 24th.
As always, there will be a free Q&A at the end of the class.
Cheat Sheets mentioned in this podcast:
Disclosure Fees Cheat Sheet: https://mulcahylawfirm.com/publications/community-association-disclosure-fees-transfer-fees/ Transition from Developer Cheat Sheet: https://mulcahylawfirm.com/publications/transition-from-developer-to-homeowner/
Disclaimer: The intent of our Zoom & Facebook Live First Friday Free Call-In is to provide a forum for board members and community managers to receive answers to HOA/condo legal questions. Please note, the First Friday Free Call-In session is general in nature, and is not intended to and should not be relied upon or construed as a legal opinion or legal advice regarding any specific issue or factual circumstance. You should directly consult with an attorney for advice regarding your individual situation. You are welcome to contact Mulcahy Law Firm, P.C. for legal advice; however, contacting us does not necessarily create an attorney-client relationship. As such, please do not share any confidential information in this forum and please do not send any confidential information to Mulcahy Law Firm, P.C. until such time as an attorney-client relationship has been established.
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