Understanding Financials: Budgets, Reserves & Reports (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 Understanding Financials course will enable board members and homeowners to comprehend the financial responsibilities of the association including:

  • Basic Financial Reports
  • Methods of Accounting
  • Board Member Responsibilities for Financial Reports
  • Budgeting for the Association
  • Annual Independent Reports
  • Selecting the Accounting Professional 
  • Reserve Studies

Key:

Complete
Failed
Available
Locked
Pre-Program Survey
3 Questions
3 Questions We appreciate your feedback
Live In-Person Event
06/09/2022 at 4:00 PM (CDT)   |  180 minutes  |  Attendance Required
06/09/2022 at 4:00 PM (CDT)   |  180 minutes  |  Attendance Required 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. This course is designed to help board members gain perspective in ethical decision making by: Understanding the responsibilities of fiduciary duty and the standards as a board member Learning what you "need to know" regarding conflicts of interest, code of conduct and fair practices Developing an action plan on rules to follow and fostering relationships Obtaining knowledge in enforcement of infractions, disclosure and confidentiality
Quiz
10 Questions  |  Unlimited attempts  |  7/10 points to pass
10 Questions  |  Unlimited attempts  |  7/10 points to pass
Feedback Survey
7 Questions
7 Questions Please complete this survey to help us improve our program offerings.
Participation Certificate
Live Viewing: No credits available and certificate available
Live Viewing: No credits available and certificate available

Community Associations Institute - Illinois Chapter would like to thank the program sponsors for their generous support

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Steve Silberman

PBG Financial Services, PLLC

Steven Silberman is a partner with the accounting and consulting firm of PBG Financial Services, PLLC.

Steve has provided accounting, tax and consulting services to Community Associations since 1978 and currently provides services to over 300 Associations. Steve has been a presenter for numerous CAI-Illinois, CAI-Wisconsin and ACTHA educational programs as well as authored many articles for newsletters and magazines including Common Interest for CAI-Illinois, Community Leader for CAI-Wisconsin and ACTHA news. Steve has also presented to many management companies over the years. Steve is an active member of CAI-Illinois and CAI-Wisconsin. Steve served six years as a Board Member of CAI-Illinois and Treasurer and Chair of the Finance Committee for five years. He has been chair or co-chair of the Finance Committee for thirteen years. Steve has also been a member of various CAI-Illinois education committees since 2007. He was one of the original members of the Community Development Committee in 2007. Steve is currently participating on CAI-Illinois Homeowner Leader Education Committee. In 2012, Steve received the Olympus Service Award for his profound influence in the development of the Illinois Chapter of CAI. Steve has a Bachelor of Science degree in accounting from the University of Illinois, Champaign – Urbana. He is a member of the Illinois CPA Society and the American Institute of Certified Public Accountants (AICPA).

 

 

 

 

 

 

Lea Marcou

Associa

Lea Marcou joined Associa, the largest professional community management company in North America, in 2008. Prior to her role on the Learning and Development team as a Learning Specialist, she spent almost 13 years at Associa Chicagoland in community management and various branch operations duties. Lea has worked with a diverse portfolio of properties, including mid-rise condos, townhomes, single family homes, developer, and commercial properties. While with Associa, and also in her role as a volunteer for the CAI Illinois chapter and other industry organizations, she has created and delivered training to community managers, other Associa employees, and homeowner association board members on many community management topics including new board member orientation, budgeting, financial review, annual calendars, strategic planning, effective meeting management, and more. Her writing has also been featured on the Associa blog and in CAI Illinois’ Common Interest magazine.
She is an active member of the Community Associations Institute, where she attends industry events, seminars and trade shows, is the chair of the CAI-IL Homeowner Leader Education Committee, and is a recipient of the CAI-IL Rising Star Award in 2016, and CAI-IL’s Olympus Service Award in 2019. Lea was awarded the Associa Innovation and Improvement Core Values Award in 2016.
Lea earned her Certified Manager of Community Associations (CMCA®) designation from the Community Association Managers International Certification Board in 2011, and her Association Management Specialist (AMS®) and Professional Community Association Manager (PCAM®) designations from Community Associations Institute (CAI) in 2012 and 2016 respectively.

Andrew McGowan

Reserve Advisors

Andrew McGowan graduated from Ohio State University with a Bachelor of Science in Mechanical Engineering. He is a Professional Engineer and Reserve Specialist with Reserve Advisors. He is responsible for providing condition assessments and financial reserve forecasts for various properties such as homeowners associations, townhomes, high-rises, and commercial buildings. With a passion for quality and Lean practices, he works to have a positive impact to better our communities.