Can I Pay For This From Reserves?
August 10, 2016 No Comments
Can we spend our Reserve Funds on this project? This is common question
raised by Boardmembers and Manager of condos, HOAs and other forms of
association governed communities.
Can we spend our Reserve Funds on this project? This is common question
raised by Boardmembers and Manager of condos, HOAs and other forms of
association governed communities.
The concept of an agriculturally-oriented community, in which association-owned land within a residential subdivision is developed as a working farm, is becoming an interesting reality.
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 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.
One of our Project Managers called me to share a tale about a Board meeting he recently attended.
An important decision point for Managers and Boardmembers is to properly account for their expenditures. So when a sprinkler, light fixture, lobby chair, or roof repair is done,