UG2020 held virtually on October 13-14, 2020

AV Powell & Associates offered a virtual FORCAST Users Group Conference on Tuesday, October 13 and Wednesday, October 14.

This 2-day virtual event was open to FORCAST subscription clients with a basic understanding of our FORCAST software.

UG2020 Agenda and Learning Objectives:

Day 1 – Tuesday, October 13

• Educational session #1: Master planning with FORCAST 11am –12pm EDT
  1. Learn about development of satellite campuses at Moorings Park in Naples, FL
  2. Explore FORCAST capabilities to assess new projects and expansions
  3. Discover key information derived from FORCAST to enable management decisions

• Educational session #2: Actuarial and operational statistics 1pm – 2pm EDT
  1. Provide summary statistical information so that clients can gauge how they compare to other CCRCs in AVP’s proprietary database.
  2. Evaluate correlation between financial ratios and actuarial statistics
  3. Recognize the value of A2ZCCRC benchmarking survey and participation for CCRCs

• Educational session #3: Integrating feasibility studies 3pm – 4pm EDT
  1. Understand how information flows between management team, feasibility consultants and actuarial consultants during project development
  2. Discover what information from FORCAST is used by feasibility consultants
  3. Learn how the financial projections from the feasibility study are incorporated in the actuarial analysis

Day 2 – Wednesday, October 14

• Educational session #4: Budgeting capital improvements 11am –12pm EDT
  1. Explain the importance of capital budget planning for CCRCs and the potential impact these projections have on ASOP#3 opinions
  2. Provide examples of the capital budget format for AVP analysis
  3. Illustrate the impact of adjusting capital budget assumptions

• Educational session #5: Stress-testing assumptions 1pm – 2pm EDT
  1. Review the criteria and terminology used as the basis for a “Satisfactory Actuarial Balance” opinion.
  2. Identify the key assumptions for further “stress” testing.
  3. Evaluate the sensitivity of each assumption to additional “stress” testing.

• Educational session #6: Communicating actuarial results 3pm-4pm EDT
  1. Review current practices for sharing actuarial reports and other financial indicators with residents.
  2. Identify the advantages and challenges associated with sharing sensitive or unfavorable results
  3. Define best practices for resident education on the financial metrics for a life plan community.
  4. Discuss the pros and cons of active resident participation in the community’s strategic planning and governance.

Our GIFT to paid registrants – free FORCAST training videos including “New Features” to be distributed in November. These videos will be pre-recorded and do not warrant CPE credits.