Condominium Director Certificate Program: Course 103 – Budget, Audit & Financial Statements Fundamentals

The course focuses on educating participants about condominium financials and the critical responsibility of directors in overseeing and approving the corporation's finances. Directors must ensure that adequate funds are available for operational expenses and major repairs to the common elements. The course emphasizes the importance of an annual budgeting and monitoring process to control spending and raise sufficient funds. Participants will learn about controlling expenditures, safeguarding assets, maintaining accurate records, and providing meaningful financial statements to owners.