{"id":41,"date":"2019-09-02T22:05:02","date_gmt":"2019-09-02T22:05:02","guid":{"rendered":"http:\/\/goldenconsultinggroup.com\/?page_id=41"},"modified":"2019-09-13T22:49:36","modified_gmt":"2019-09-13T22:49:36","slug":"budgeting","status":"publish","type":"page","link":"https:\/\/goldenconsultinggroup.com\/?page_id=41","title":{"rendered":"Budgeting"},"content":{"rendered":"\n<h2 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong><span style=\"text-decoration: underline;\">Developer DRE Budget Services<\/span><\/strong><\/span><\/h2>\n<h5 style=\"text-align: left;\"><span style=\"color: #800000;\"><strong><span style=\"text-decoration: underline;\">Common Interest Filing<\/span><\/strong><\/span><\/h5>\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Estimate and determine when future property expenses will occur, with the help of <span style=\"text-decoration: underline;\">DRE (Department of Real Estate)<\/span>, budget specialists from Golden Consulting Group. Common Interest Developments can be 2 or more units however, a notice of Intention must be filed with the DRE, and a preliminary, conditional or final public report obtained, before offering for sale or lease, in California, five (5) or more subdivision interests.<\/span><\/p>\n<h5><span style=\"color: #800000;\"><strong><span style=\"text-decoration: underline;\">Client-Focused Approach<\/span><\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">Budgets are created and analyzed with sensitivity to your economic concerns, while meeting DRE acceptance guidelines. All of our budgets are prepared from good-faith estimates, which use plans prior to construction and\/or completion (for new projects) or from a combination of plans and\/or site inspections (for existing projects).\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Budget preparation services is not just limited to the following common interest developments:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Planned Developments<\/span><\/li>\n<li><span style=\"color: #000000;\">Town-homes<\/span><\/li>\n<li><span style=\"color: #000000;\">Condominiums<\/span><\/li>\n<li><span style=\"color: #000000;\">Tenant in Common (TIC)<\/span><\/li>\n<li><span style=\"color: #000000;\">Mixed Use<\/span><\/li>\n<li><span style=\"color: #000000;\">High-Rise Buildings<\/span><\/li>\n<li><span style=\"color: #000000;\">Condo Conversions<\/span><\/li>\n<li><span style=\"color: #000000;\">Recreational Facilities<\/span><\/li>\n<li><span style=\"color: #000000;\">Parking Cost Centers<\/span><\/li>\n<li><span style=\"color: #000000;\">Commercial<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Expect nothing less from our company because we have successfully advanced numerous and complex budgets through DRE approval process. We understand that every project is unique, based on the principal documents. Some projects may contain cost centers from easements or joint-use agreements that may need additional budgets.<\/span><\/p>\n<h5><span style=\"text-decoration: underline; color: #800000;\"><strong>De<span style=\"color: #800000; text-decoration: underline;\">veloper Budget\u00a0<\/span><\/strong><\/span><span style=\"color: #800000;\"><b><u>Services<\/u><\/b><\/span><\/h5>\n<p><span style=\"color: #000000;\">Golden Consulting Group&#8217;s approach and experience has successfully advanced many straight forward and complex DRE budgets through the <span style=\"text-decoration: underline;\">Department of Real Estate<\/span> (DRE) approval process. Our DRE budget specialist understands that every project is unique based on the governing documents. Our DRE budget services includes a wide range of budget preparation for common interest developments such as: Planned Developments, Town-homes, Condominiums, Condo Conversions, Tenant in Common (TIC), High Rise Buildings, Mixed Use, Commercial and Recreational Facilities. Some projects are unique and may contain cost centers from easements and\/or joint-use agreements in which additional budgets may be needed.<\/span><\/p>\n<p><span style=\"color: #000000;\">All of our budgets are prepared from good faith estimates which uses plans prior to construction and\/or completion (for new projects) or from a combination of plans and\/or site inspections (for existing projects). All budgets are prepared with the sensitivity to your economic concerns and will meet DRE acceptance guideline requirements. See<\/span>\u00a0<span style=\"text-decoration: underline; color: #0000ff;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"http:\/\/www.dre.ca.gov\/files\/pdf\/re8.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">DRE Cost Manual<\/a><\/span><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong><span style=\"color: #800000;\">\u00a0<\/span><span style=\"color: #000000;\">For more information about budgets contact us at\u00a0<\/span><\/strong><\/span><\/h3>\n<h4 style=\"text-align: center;\"><strong style=\"color: #000000; font-size: 1.4em;\"><span style=\"color: #800000;\">877-697-6977<\/span><\/strong><\/h4>\n<h3 style=\"text-align: center;\"><strong><span style=\"color: #000000;\">or click<\/span>\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/goldenconsultinggroup.com\/?page_id=134\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a><\/span> <span style=\"color: #000000;\">to request a proposal<\/span><\/strong><\/h3>\n<h5><span style=\"color: #800000;\"><strong><span style=\"text-decoration: underline;\">Pro Forma Budgets<\/span><\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">Existing associations need to prepare and distribute the annual budget report 30 to 90 days before the end of its fiscal year per Civil Code <strong>\u00a75300.<\/strong> Let us assist you in examining and preparing your annual budget for this upcoming fiscal year. Calculating your monthly assessments can be difficult depending if your association is governed by an equal or variable assessment.<\/span><\/p>\n<h5><span style=\"text-decoration: underline; color: #800000;\"><strong>Fiduciary Responsibility<\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">The board members and property managers have a fiduciary responsibility to perform due diligence in the budgeting process so that their associations properly maintains their property. A reserve study and its recommended funding plan are often indispensable in this process and shows due diligence on the part of the board or management company.<\/span><\/p>\n<h5><span style=\"text-decoration: underline; color: #800000;\"><strong>Budgeting Annual Operating Expenses<\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">To budget for the upcoming fiscal year, a specialist may want to examine the previous historical data of each budgeted line item and the actual expenses. A budget specialist may research budgeted line items for future changes that might affect the annual disbursement for the upcoming fiscal year.<\/span><\/p>\n<h5><span style=\"color: #800000;\"><span style=\"text-decoration: underline;\"><strong>Reviewing\u00a0<\/strong><\/span><b><u>Process<\/u><\/b><\/span><\/h5>\n<p><span style=\"color: #000000;\">At Golden Consulting Group, we thoroughly review all documents which may affect everything for future changes, which might affect your annual disbursement for the upcoming fiscal year. This service includes:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Annual Budget<\/span><\/li>\n<li><span style=\"color: #000000;\">Reserve Update<\/span><\/li>\n<li><span style=\"color: #000000;\">Reserve Assessment<\/span><\/li>\n<li><span style=\"color: #000000;\">Disclosure Form<\/span><\/li>\n<li><span style=\"color: #000000;\">Complete Review of Associations CC&amp;R&#8217;s<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Our budget specialists can provide you with a customized budget template that will assist your associations with its future budgeted process.<\/strong><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/41","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41"}],"version-history":[{"count":24,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/41\/revisions"}],"predecessor-version":[{"id":242,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/41\/revisions\/242"}],"wp:attachment":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}