Description

Join us for this three-part course with Judith A. Purviance-Anderson, RPA, BOMA Fellow for a step-by-step guide to understanding the Annual Property Income and Expense Life Cycle.

Introductory Price: $300 ($100 per session)

Thursday, January 30, 8:00 AM - 11:00 AM
Session One: It All Begins with the Lease
1.Understand basic lease information including tenant revenue and share of operating expenses.
2.Identify material tenant-specific lease inclusions and exclusions of building operating expenses, including, as required by lease, base years, gross-ups, caps and capital expenditures.
3.Lease abstracting (interactive) based on items 1 and 2.
4.Understand property title encumbrances.
5.Calculating with the annual operating budget. Gain knowledge about budgeting, NOI and CashFlow.

Thursday, February 13, 8:00 AM - 11:00 AM
Session Two: Budgeting, Reporting and Reforecasting
1.Incorporate tenant and lease information learned in Session One in budget development
2.Calculating with the annual operating budget
3.Understand the Income Statement, Budget Comparison Report and General Ledger
4.Understand the accrual process
5.Understand variance reporting
6.Activate reforecast tool for ongoing monthly trending
7.Understand operating trends and impact to property financial results

Thursday, February 27 8:00 AM - 11:00 AM
Session Three: Reconciliation
1.Understand the reconciliation process.
2.Utilize previously prepared workshop materials to complete the reconciliation.
3.Complete the reconciliation.