Advanced Financial Management I: Monthly & Annual Financials (DCAL)
- Registration Closed
This course is part of the DCAL (Dedicated Community Association Leader) recognition course series. You may take this course as part of the recognition program, or as an individual course.
The Advanced Financial Management course will enable board members and homeowners to comprehend the financial responsibilities of the association including:
- The Budget Process
Community Associations Institute - Illinois Chapter would like to thank the program sponsors for their generous support
Karen Skoric of Cantey Associates has over 20 years of experience with condominium, townhome and homeowner Associations. She is actively involved in the industry serving on CAI committees in Illinois and Wisconsin. She served on the CAI-Illinois Board of Directors for six years serving as past-president and treasurer. Cantey Associates is the Midwest's leader in condominium accounting trusted by more Associations.
Michelle Morse, CMCA, AMS
Director of Community Association Management - IL
Michelle is currently a Director of Community Association Management with a license in the State of Illinois while holding a CMCA & AMS designation. She oversees seven property managers and their portfolio of properties, assisting each of them in ways to best serve their clients. During her career, she’s maintained a portfolio of several types of condominium, townhome, and homeowner associations, totaling over 1,800 units. This includes project management of over $3.5 million in capital repairs, oversight of all annual budgets, invoice allocation, compiling monthly financial reports, reviewing associations' financials and expenses to ensure they stay within budget, creating a variance report to communicate items outside of the budget & explanation for the discrepancies, creating RFP's, bidding out numerous projects to various contractors, creating reports for the Board of Directors with a summary of what needs to be completed as noted during the property inspection, serving as a Board advisor and liaison, reviewing accounts for collections, attending court to testify as required, nurturing and growing vendor relationships, creating and maintaining work orders, answering information requests in a timely fashion, attending to legal matters with the association attorney, and cultivating an alliance with the Board of Directors while creating and preserving a professional environment.