1:30pm-2:30pm: Sticker Shock - Inflation and its Impact on Your Association
Presented by: Westward360, Inc.
Brent Straitiff, CMCA, AMS - Westward360, Inc.
Eric Staszczak, Executive VP of Property Management - Westward360, Inc.
Sydney Shymkus - Westward360, Inc.
Like everyone else, condos and HOAs are struggling with high inflation. Costs for everything from regular maintenance, repairs, and supplies to interest rates and borrowing for capital projects are up, as are labor and management costs. Residents are feeling the squeeze from increased dues and special assessments. This panel will discuss these factors, and offer expert tips on how boards and managers can trim expenses, prioritize projects, and allocate funds more strategically to help ease the pressure on the communities they serve.
2:30pm-3:30pm: Boards' Most Common Financial Mistakes & How to Avoid Them
Presented by: PBG Financial Services PLLC & Inland Bank and Trust
Steve Silberman, CPA - PBG Financial Services Ltd
Tim Haviland, CPA - Inland Bank
James Neumann - PBG Financial Services Ltd
Community association board members are usually volunteers - and most are not financial experts or accounting professionals. Even with the best of intentions, this lack of experience can lead to some common - and costly - mistakes. This panel of experts will offer tips on how to head off these missteps, protect your community’s financial health and stability, and get back on course if you stumble. Topics will include understanding your board’s fiduciary responsibility and financial information, having proper internal controls, working with your community's financial professionals, making smart investment decisions, knowing when it's time for an assessment, and more.