Funding Plans
December 21, 2018 No Comments
The “Funding Plan” is a calculated plan of regular monthly assessments and/or special assessments necessary to perform common area repairs & replacements in a timely manner.
The “Funding Plan” is a calculated plan of regular monthly assessments and/or special assessments necessary to perform common area repairs & replacements in a timely manner.
“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?
So your roof just failed, and it’s going to cost the Association $250,000. On one hand, it wasn’t really surprising, because the roof is 15 years old, right on track for this type of roof failure.
Associations often struggle to determine the appropriate level of Reserve funding for their communities. This challenge is understandable,
We have now trained three young drivers in the Nordlund household. I always start training with the concept of personal responsibility – there’s no “whoops” in driving!
Society is replete with examples of intelligent people doing foolish things, especially regarding their homes and their money. Homeowners know that maintenance and repair expenses are unavoidable,