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August, when it all comes together.
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Well the end of Summer is quickly approaching. This is the time to be setting final plans to complete this year's maintenance goals and looking ahead to next year. Given the time of the year, the content of this Month's Newsletter is geared to help advise and assist our communities with what lies ahead. Thank you all for your business and we look forward to meeting your needs into the future--Kay.
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2014 Budget Planning
2014 is not too far off. Now is the time that you should be looking ahead at the goals for next year. Once your goals are set, the work to get things bid out for the planned projects is within the next 90 days. It is up to each Board to determine how they want to plan for next year, but in attempt to allow for hands on working with the Budget, see the below information:
Budget Workshops Use the links below to sign up for one of our annual Budget Workshops. We have 3 opportunities to come to our office and work together on your specific budget. See the dates & Sign up: Morning Session: Monday, 9/16 at 10:00 am. Sign Up
Afternoon Session: Thursday, 9/19 at 1:00 pm. Sign UpEvening Session: Thursday, 10/3 at 6:00 pm. Sign Up
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Condo Association Reserve Funding
The video above is a discussion on issues related to condominium association reserve funding to control costs as they relate to future expenses. Presented in Chicago by attorney Mark Pearlstein at The Building Group Condo Management First Tuesday Event November 2011 This is a great brief video segment on some of the complexities that a condo board faces as it budgets for reserve funding The balancing act that a board of directors faces in choosing between keeping assessments low vs proper reserve funding is a very tricky one. Watch Here
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Kay's Blog- The Balancing Act: Budget Planning and Reserve Funding
As you can see the focus on this Newsletter is to plan for the future. To help educate our clients, we held a Seminar on
Wednesday, August 21, 2013, titled, The Risk of Failing to Reserve. Fifteen Board Members were in attendance and the comments collected were very encouraging. If you were unable to attend, I have pulled out some of the highlights and we have also posted the power point presentation from this Seminar for your review.
For highlights on the seminar Click Here.
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Upcoming Events
Thursday September 12, 2013 from 6:00 PM to 8:00 PM EDT
Cummings Property Management welcomes you to a free seminar covering condominium law. Attorneys will be discussing the Aspects of By-Law Violations & Collections. Attendees will have an opportunity to participate in a roundtable discussion with the attorneys. If you are a board member of a condo or HOA you can't miss this.
University Club of Michigan State University
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