Upcoming Meeting: 2009 Association Budgets
Speaker: Michael J. Gartzke, CPA
Thursday – September 25, 2008 – 7 PM
Encina Royale Clubhouse
250 Moreton Bay Lane, Goleta
(101 to Fairview, exit north towards mountains -2 blocks to Encina Road, right one block to Moreton Bay Lane, left into association)
Many associations will be in process of developing their 2009 budgets in the fall since calendar year associations must distribute them to their members by the end of November. At this meeting we will discuss:
· Financial reports needed to start the budget process
· Sources of information to develop realistic budget amounts
· Current issues (e.g. bad debts, utility costs, etc.)
· Formatting your budget
· Additional disclosures required to be distributed by California with the budget
· Reserve study disclosures – funding plans
· Assessment/expense trends – 2005-2008
Mr. Gartzke has a solo practitioner accounting practice in Goleta, CA with over 110 association clients for whom he reviews year-end financial statements and/or prepares annual tax returns. He is a co-founder of South Coast HOA and is a former association treasurer.
