For our May webinar, we focused on the financial aspects of managing a scheme, including reading financial statements and preparing an administrative budget.
Trustees found this session very empowering. It included valuable insights into the financial management of a sectional title scheme:
Reading and understanding annual financial statements
Special levies: What is it, and how is it imposed on scheme members?
How a reserve fund is calculated
Maintenance plans: Why it is essential and how it impacts levies
Why regular valuations are necessary for a body corporate
How to prepare an administrative budget
How to calculate a levy and why you should know this
Training is free and exclusive to Intersect clients, and was conducted by Leigh Maingard, CEO of Intersect Sectional Title Services.
WATCH THE RECORDING BELOW
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