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?
The majority of Association-governed communities are underfunded. reserve fund strength
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.
n 2010 we were commissioned by the James Hardie company to examine the life-cycle costs of their Hardiboard siding compared to vinyl and natural cedar siding.
If a leader of community volunteers can remember, embrace and live these four simple words, they are bound to make a profound impact on the volunteers in their circle. In turn, those volunteers will have boundless impact on the communities they serve.
In our October newsletter we looked at the question of which funding plan methodology to use: “Straight Line” or “Cash Flow”.