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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