In the prior Practical Application article, we showed the annually required reserves disclosures to be a powerful and easy to use planning and communication tool on their own.
“Fund your reserves above the 70% level”. That’s what you thought I would say, because our industry has been telling you that for years, right? The answer is deeper than that.
In our October newsletter we looked at the question of which funding plan methodology to use: “Straight Line” or “Cash Flow”.
In our June newsletter we looked at the decision points for which components are deemed appropriate within the reserve study versus those factored in the operating budget.
Because association boards are run by volunteers with typically high turnover, fundamental education will always be at the heart of their success.
Because association boards are run by volunteers with typically high turnover,
