Summer 2024 FCIAAO Newsletter

Scholarship: FCIAAO names 90th Annual Conference Scholarship Recipient

Continuing to learn E DUCAT I ON : The TPP Steering Committee of the FCIAAO is pleased to offer IAAO Workshop 551 - Valuation of Machinery and Equipment immediately preceding the December 2024 TPP Seminar. This workshop is designed for individuals involved in assessing personal property. Sage Sullivan will be the instructor for this course which will focus on providing a formal, systematic, and comprehensive study program, specifically for machinery and equipment. Additionally, this course serves as an excellent preparation for the PPS Designation. TPP Pre-Conference Workshop Dec 9-11

The Florida Chapter of the IAAO is pleased to announce the scholarship recipient for the 90th Annual IAAO International Conference in Denver, Colorado. This year’s scholarship recipient is Philip Cruz, CFE from Hillsborough County! Philip is a Commercial Valuation Analyst and has been working at the Property Appraiser’s Office since January of 2022, Philip works on industrial property valuation as well as other commercial property types.

IAAO WORKSHOP 551: V A L U A T I O N

This workshop will cover the appraisal process for machinery and equipment, focusing on the three primary approaches to value: Cost, Sales, and Income. In the Cost Approach, participants will learn to distinguish between replacement and reproduction costs. The workshop will also address the identification of different types of

O F M A C H I N E R Y & E Q U I P M E N T

The instructor, Sage Sullivan, brings a wealth of experience and expertise to the course, having served in various appraisal roles and holding designations from the IAAO. Sage has been with the Duval County Property Appraiser’s Office since February 2013. She has a BA in Mathematics from the University of Rhode Island and an MBA from the University of North Florida. She is currently working toward a CPA licensure. Sage has two designations from the IAAO- the RES and PPS, and serves as Treasurer on the Florida Chapter IAAO Board and was formerly a member of the TPP Steering Committee. depreciation: physical, functional, and economic. Through the Sales Comparison Approach, students will explore how to estimate value using comparable sales and make necessary adjustments. The Income Approach will delve into applying capitalization rates and utilizing rental data. Finally, the workshop will teach students how to reconcile these approaches to arrive at a final value estimate.

Philip Cruz, CFE

To be eligible for the $2,000 scholarship, the applicant must be a Florida chapter member in good standing at time of application, be an IAAO member in good standing, complete a statement of need and have approval from their direct supervisor. The applicant must also be a first time attendee to the conference. The Scholarship money will cover the conference registration fee and lodging costs. There were many applicants this year and the Executive Board had some very hard decisions to make when awarding the scholarship. The Chapter created this scholarship in 2019 to support members in need who may not otherwise have the opportunity to attend a national conference. Congratulations, Philip! We hope you enjoy the Denver conference.

Registration will be limited to Florida Chapter Members and will be $325 for the two and a half-day workshop. Registration and payment will be through our website. So keep an eye on your email and our website for the opening of registration in September!

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STAYING APPRA I SED

SUMMER 2024