Smith Management Group Hosts “Fundamentals of Financial Management” Board Member Development Workshop

April 26, 2018

St. Louis, MO – April 26, 2018 – Smith Management Group (SMG), an Associa company, hosted the first session of the CAI board leadership development workshop titled “Fundamentals of Financial Management” at The Lodge in Des Peres, MO.

The event included more than 70 board members, vendors and SMG employees who heard presentations on essential community topics including:

• Practices for protecting assets
• Effective methods for preparing a budget
• How to conduct and implement a reserve study
• Criteria for an assessment collection policy
• Legal remedies for collecting delinquent assessments
• Appropriate responses to an owner filing for bankruptcy

The CAI board leadership development workshop is usually held as one eight-hour class. For board member’s convenience, SMG will host the workshop as four separate, two-hour sessions that will be held quarterly. The next session on June 28th will provide information on governing documents and board members’ roles and responsibilities.

“Smith Management Group continues to be dedicated in educating and preparing our boards for success,” stated Roger Kinney, SMG president. “The convenient format allows more board members to attend the sessions and gather the much needed information provided by our industry leaders. We look forward to each session and will continue to provide educational opportunities to our residents and boards.”

With more than 180 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision. To learn more, visit www.associaonline.com.

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