04/03/08Residents Voice1 “Following the Money” 4/03/2008 Tonight’s Subjects ! “LWV Finance 101 (recap)” “Real Life Finance 101”

Slides:



Advertisements
Similar presentations
RXQ Process Flow for Typical Customer Billing and Payment Receives bill Sends account specific payment details to Billing Party Sends authorization.
Advertisements

4/19/7 V5.0 source on website Page 1 PCM Credit Card Update C Grundke 4/19/7.
Introduction to Savings & Investments
Bonuses/ Your Financial Readiness. 2 Terminal Learning Objective Action: Manage your Personal Finances and Understand Bonuses Conditions: Given a Leave.
Earning Money  What is income and what are 3 possible sources?  Income is money that you have available to you to spend  3 sources: babysitting,
11/15/7Residents Voice1 Following the Money” 11/15/2007 Conrad Grundke “What Money?” GRF & PCM Ask, There isn’t any!
8/16/7Residents Voice Meeting1 “Following the Money” 8/16/2007 Conrad Grundke On the Trail.....
10/25/7Residents Voice1 “Following the Money” 10/25/2007 Conrad Grundke the waiting game:
Lloyd Stangeland Iowa Yearly Meeting November 9, 2013.
9/10/7Residents Voice “Following the Money” 9/10/2007 Conrad Grundke The Continuing Saga:
03/06/08Residents Voice1 “Following the Money” 3/06/2008 Tonight’s Subjects ! “Review of our Management Contracts?” “Can the Boards Control Our Assessments?”
8/2/7Residents Voice Meeting1 “Following the Money” 8/02/2007 Conrad Grundke On the Trail.....
Chapter Finances & Operations $ $ July 29, 2000 Alumni Leadership School Presented By: Jeremy M. Harvey Chapter Financial Consultant.
Difference between a Traditional and Roth IRA Traditional IRA Taxed-deferred Taxed-deferred subject to tax at time withdrawal subject to tax at time withdrawal.
Film Withholding Tax Ken Fleming FWT Unit 25 November 2014.
Residents Voice 5/17/07 Update Conrad Grundke. Subjects Our Historical “Globe.” Insurance. Update on Credit Cards. Expense Reimbursement Records.
9/27/7Residents Voice “Following the Money” 9/27/2007 Conrad Grundke The Continuing Saga:
Measuring Your Financial Health and Making a Plan
Personal Financial Management
Personal Finance.  Salary: Money paid to an employee on a regular basis  Withheld: Money held to pay taxes.  Deposit: Money that is put into your bank.
Introduction to Financial Management
Managing Your Money Personal Finance. Disposable Income.
CLASSIFICATION HEARING Presented by John H. Neas Chief Assessor.
Dr. Mohamed A. Hamada Lecturer of Accounting Information Systems 1-1 Chapter 3 Tax on Salaries and Like Payments.
2 You Will Know Ways to save money How money can grow The difference between savings and investment accounts.
Personal Finance Risk Management. Net Worth The amount by which assets exceed liabilities. One of the most important calculations one can make. Look for.
Community and Shelter Assistance Corporation: Develop affordable housing and facilities Manufactured housing cooperative developments Community Development.
1 of 14 Real Estate Law, 8th Ed. by Marianne M. Jennings Chapter 16 Closing the Deal.
1/17/8Residents Voice1 “Following the Money” 1/17/2008 Tonight’s Three Subjects ! “Who looks out for us?” “Amateurs vs Pros” “Open vs Closed”
7/19/7Residents Voice Meeting1 “Following the Money” 7/19/2007 Conrad Grundke On the Trail.....
SAVING AND INVESTMENT BASICS
Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.
Employees within the region, state, nation and world. The Corporate Accounts Real Estate Program (RECAP) + PERKS EMPLOYEE PERKS (AFFINITY PROGRAM)
Banking, Saving and Investing Using Money to Make Money.
Value: How our economy is measured. Money/currency: The cash and coins we use. Treasury: controls the currency of our country. Economy: Products, people,
03/27/08Residents Voice1 “Following the Money” 3/27/2008 Tonight’s Subjects ! “LWV Finances 101” “Is There a Problem ?”
Management Agreement Summary C. Grundke 3/22/07. Definitions “Agent” – Professional Community Management. (PCM). “Owner” – Corporation, Board of Directors,
Business & Personal Finance INVESTING. Bonds When you buy bonds you are lending money to a federal or state agency, municipality or other issuer, like.
 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.
Can LWV afford GRF’s Extravagant Lifestyle? April 17, 2014 Residents Voice Pamela Grundke 4/17/20141Residents Voice.
Chapter 3, Section 3 ELECTRONIC BANKING.
Chapter 22: Buying a Home.
MONEY SENSE. FINANCIAL PLANNING 5 steps in financial planning: ◊Assessing where you are now in financial terms ◊Setting goals ◊Creating a financial plan.
12/11/7Residents Voice1 “Following the Money” 12/11/2007 Directors PCM The Great Barrier “TRUST”
Introduction to Business © Thomson South-Western ChapterChapter Savings and Investment Strategies Saving and investment planning Stock.
Guidelines for using Direct Payment Form Accounts Payable Updated 2/1/2012.
Citizens for Responsible Lending How Credit Works For Me.
Brentwood of Palatine Condominium Board Meeting Treasurer’s Report – Cash Position – Scorecard – Expense Contributions – Delinquencies – Remaining.
Developing a Spending Plan (Location) (Date). Develoing a Spending Plan What we’ll talk about today Setting Goals Identifying Income Identifying Expenses.
Section 2: What are the components of a quality budget? Unit 3: Budgeting.
Budgeting – Your Goals. the budgeting process phase 1: Assess your personal and financial situation (needs, values, life situation). phase 1: Assess your.
International Banking connections and transactions.
9.02 Investing in bonds. T H17. Investing in Bonds Bonds –Promise to pay a definite amount of money at a stated interest rate on a specified.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 19 SLIDE Saving and Investment Planning Stock.
Financial Literacy Buying a Car.... Finance Options: Savings – Put a regular amount into a Bank Account each month. Expect to receive around 2.75% interest.
7/5/7Residents Voice Meeting1 “Following the Money” 7/5/7 Conrad Grundke.
The Art of budgeting.  What is the dumbest thing I have done with my money and what did I learn from it?
Miss Smith 7 th Grade Civics *pgs  Money in _______ accounts earn ________  Money can be _________ when needed  Usually must keep a _______.
Insurance. Types of household insurance  Life assurance  Home insurance  Motor insurance  Personal insurance  Travel insurance.
1 Chapter 11 The Optimal Payment Policy. 2 Tenants of Cash Management Keep your money as long as possible Pay your bills at the correct time Collect monies.
© 2010 The Advisory Board Company – Assessing the Value of Care Management Services Wanting their Money’s Worth Jupiter Corporation Manufacturer.
Miss Smith 7 th Grade Civics *pgs  Money in savings accounts earn interest  Money can be withdrawn when needed  Usually must keep a minimum.
10/02/08Residents Voice1 “Big City” Politics. 10/02/08Residents Voice2 PCM, Inc vs Lou Skogen.
Credit Cards! By: Emily Bischoff. Credit Cards! o A credit card is a little plastic card that is used to make payments after you bought an item. Its used.
Preparing Lifelong Learning Personal Finance:.  Imagine you are 25 years old describe your life. - What is your job? - Where do you live? - What do you.
Money. How much money does a third grader need to “live” on for each month?
Career Development 11 Module 3.  Establish a steady work record.  Pay all bills promptly.  Open a chequing account and don’t bounce cheques.
SS.8.FL.2.5 Discuss the fact that people may revise their budget based on unplanned expenses and changes in income.
06/10/08Residents Voice1 “Following the Money”. 06/10/08Residents Voice2 Review of Corporate Documents.
FINANCIAL MATH.
Presentation transcript:

04/03/08Residents Voice1 “Following the Money” 4/03/2008 Tonight’s Subjects ! “LWV Finance 101 (recap)” “Real Life Finance 101”

04/03/08Residents Voice2 Personal Savings 2008 Monthly Basic Assessments Third MutualUnited Mutual Who Knows ? $532.62/mo x 12mo x 6102 $501.88/mo x 12mo x 6323 $39.00M/yr $38.08M/yrWhere does it GO ? LWV Finance 101 (recap)

04/03/08Residents Voice3 Who Monitors & Reviews Payments From This Account ? The United Mutual Treasurer – No! The Third Mutual Treasurer – No! The Towers Treasurer – No! The GRF Treasurer – No!

04/03/08Residents Voice – 2013 Trend of Basic Monthly Assessments United & Third Towers

04/03/08Residents Voice5 Real Life Finance 101 United Towers GRF Third Account A Account B Account C Account D Where should our assessments go ?

04/03/08Residents Voice6 Using Third Mutual as Example Account B GRF Invoice 1. Paint $100 GRF Mutual Treasurer Third Mutual Treasurer Sends Bill to 3 rd for Payment 3 rd Treas Reviews Bill – Authorizes Payment Payment to GRF

04/03/08Residents Voice7 “Our” Corporate Attorney ? HKC Towers PCM GRF United Third

04/03/08Residents Voice8 Bonus & Incentive PCM $39 B Corp. PCM Employees Incentives LWV

04/03/08Residents Voice9 New Way of Doing Business ! Housing Mutuals take control of our assessment monies. Housing Mutuals review the expenses related to that Mutual. Housing Mutuals hire their own attorneys. Housing Mutuals no longer pay bonus and incentives for PCM employees.

04/03/08Residents Voice10 THE END