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The oversight and approval of the finances of the corporation is one of the most important of a director’s responsibilities. They must ensure there is sufficient funds available to run the operations of the corporation and to carry out major repairs and replacements to the common elements. An annual budgeting and monitoring process is important for ensuring sufficient funds are raised and that spending is controlled. This course is essential in understanding how to control expenditures, safeguarding assets, maintaining reliable records, and providing meaningful financial statements to owners.