Episode #84
2025 HOA/Condo Academy #8: Mastering HOA/Condo Finances
Welcome to Class #8 of our 2025 Virtual HOA/Condo Academy - in partnership with the cities of Avondale, Chandler, Glendale, Goodyear, Mesa, Peoria, Phoenix, Scottsdale, Surprise and Tempe. In today’s class Haidyn Dilorenzo, Esq. and Madeline Gegg, Esq.. are going to discuss a financial overview covering important topics such as creating the 2026 budget, interpreting financial statements, the treasurer’s, and board members' financial responsibilities, and understanding reserve studies and reserve accounts. Video for this class can be found here: https://youtu.be/hebAqpRuY7o Questions and Answers from this class are here: https://youtu.be/yYsmf-Z-i18 Links and heat Sheets mentioned in this episode: Legislative Update - https://www.mulcahylawfirm.com/2025-pending-legislation-summary/ Budgeting for Community Associations - https://www.mulcahylawfirm.com/publications/budgeting-for-community-associations/ Responsibilities of President & Vice President - https://www.mulcahylawfirm.com/publications/responsibilities-of-the-president-and-vice-president/ Board Members Roles & Responsibilities - https://www.mulcahylawfirm.com/publications/board-member-roles-and-responsibilities/ Reserve Funds for Associations - https://www.mulcahylawfirm.com/publications/reserve-funds-for-associations/ Upcoming Classes and Seminars: - https://www.mulcahylawfirm.com/upcoming-events/ How to Select a Management Company - https://www.mulcahylawfirm.com/publications/how-to-select-a-management-company/ Follow on Facebook - https://www.facebook.com/MulcahyLawFirm Find us on LinkedIn - https://www.linkedin.com/company/mulcahy-law-firm-p-c-/ Google Review link: https://g.page/r/CUaKxgS42hUKEB0/review Yelp Review: www.yelp.com/biz/mulcahy-law-firm-phoenix Mulcahy Law Firm, P.C. 3001 East Camelback Road, Suite 130 Phoenix, Arizona 85016 www.mulcahylawfirm.com Phone: 602-241-1093 Fax: 602-264-4663 Disclaimer: The intent of our Zoom & Facebook Live First Friday Free Call-In is to provide a forum for board members and community managers to receive answers to HOA/condo legal questions. Please note, the First Friday Free Call-In session is general in nature, and is not intended to and should not be relied upon or construed as a legal opinion or legal advice regarding any specific issue or factual circumstance. You should directly consult with an attorney for advice regarding your individual situation. You are welcome to contact Mulcahy Law Firm, P.C. for legal advice; however, contacting us does not necessarily create an attorney-client relationship. As such, please do not share any confidential information in this forum and please do not send any confidential information to Mulcahy Law Firm, P.C. until such time as an attorney-client relationship has been established. Copyright 2025


