Financial Management Topics

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Learning Objectives

  • Identify protected investment and banking options for association funds.
  • Define the requirements for financial reporting according to Florida State Statutes.
  • Discuss policy and procedures to address delinquent payment of special assessments.
  • Identify the Florida statutes that regulate association finances.
  • Discuss strategies to avoid fraud and theft and ensure the security of association funds.
  • Explain the consequences when board members have breached their fiduciary duty according to the Florida statutes and director standards.
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