Reserve Funding Models: What Makes an Association’s Plan Successful?
March 27, 2015 No Comments
“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?
“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,
The two most common Reserve Funding objectives are Full Funding,