Course Description:
Budgeting and Accounting features applications and problems you can use to create building and facilities' budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context. You will follow the accounting process and creation of a budget from start to finish, learning valuable skills such as how to interpret financial statements, annual reports, and statements of cash flows. You will also learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

Major Topic Areas Covered in this Course:
record-keeping requirements • revenue and expenditure cycles • cash basis income statement • financial statements • annual reports • lease abstracts • income and expense budgeting • working with capital

Applies to:
PAC and PMFP certificates
RPA® designation

Meet Your Budgeting and Accounting Instructor:

Colette Menolascino, RPA, LEED GA

Senior Property Manager

Asset Services

Transwestern Role:

Colette serves as Senior Property Manager for Transwestern's Midwest asset service group, providing day to day onsite oversight and client support for Naperville Corporate Center.

Career Highlights:

Colette has over 15 years of experience in commercial property management in the Suburban Chicago Market. In addition to Naperville Corporate Center, she is the manager for Metrowest, a 200,000-square foot Class A office building in Naperville and small retail portfolio in St. Charles. Previously, she was involved in the sale lease back of the Deerpark Motorola Campus Headquarters in which she directed the property re-development and repositioning efforts on behalf of the client.

Prior to joining Transwestern, she served as the Assistant Property Manager of the former Great Lakes REIT portfolio purchased by Transwestern in 2004.

Throughout her career, Colette has maximized building value by managing costs, evaluating cost/benefit decisions associated with improving common areas and energy efficiencies by means of capital and operating projects, always considering what is in the best interest of the building owner.  She has operational expertise focused on contract and personnel management, budgeting and financial reporting, tenant leasing and retention, construction management, and energy saving measures. She is a strategic problem solver skilled in all aspects of building operations, repositioning strategies, and redevelopment efforts.

Professional Affiliations/Recognition:

• Licensed Real Estate Broker in the State of Illinois
• RPA Designation
• LEED, Green Associate
• BOMA/Suburban Chicago, Member
• TOBY Judge

Registration for Budgeting and Accounting is now closed.