Changing Financials - CHF BC Spring Education Conference 2017

Managing your housing co-op’s finances is different when you are out of your operating agreement. What are the implications of the lack of a government safety net? Find out what you need to consider, the choices you have, and how to make sure you are prepared.

Government operating agreements have had very specific regulatory requirements when it comes to housing co-ops’ financial management and accounting practices. With the end of these operating agreements housing co-ops will have new options available to them, and will no longer have the government safety net.

This workshop will cover the main differences in your housing co-op’s financial management as a result of your operating agreement coming to an end:

  • How the co-op’s assets are valued and depreciated.
  • Whether or not to engage with an auditor and if so, how?
  • A renewed focus on the need for a long-term capital plan.

Make sure you have the best financial management practices to keep your co-op secure before, during and after the end of your operating agreement.


Facilitator: Andrew Sitko

Andrew has been an active member of three housing co-ops over a 15 year period, and has served on finance committees and as the treasurer of the board. He has worked for a housing co-op management company since 1995, holding positions as Office Coordinator, Accounting Coordinator, and Training Coordinator in addition to his current position as Senior Accounting Coordinator.  Andrew’s expertise is in financial management and corporate management of housing co-ops.
 

Length: 
Mini
Date(s): 
April 1, 2017 - 2:45pm - 4:45pm
Topic: 
Planning for the future
Type: 
Not Portable