Lesson 20 Flashcards
1
Q
Explain the purpose and benefits of budgeting
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2
Q
Understand and describe the annual operating budget
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3
Q
Explain the use of supporting documents for the annual operating budget
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4
Q
Describe the budgeting for a major repair
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5
Q
Explain the use of a capital budget
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6
Q
Understand the budget vote process and how to handle a surplus or deficit
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7
Q
Be able to calculate strata fees
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