After the Component List has been created or updated, the current Reserve Fund Strength and a recommended Funding Plan are calculated. The Funding Plan typically takes the form of a recommended monthly Reserve contribution. This “action plan” is developed to take the Reserve Fund from its current condition to the Funding Objective. But the question remains, which Funding Objective, and why?
There once was a man with one foot in a bucket of scalding hot water and one foot in a bucket of ice water. When asked how he felt, he said “On the average, I feel just fine!” With that illustration clearly warning you of the limitations of discussing averages, how much should your Reserve contributions be?
The world of roofing is very competitive, causing product
manufacturers to seek ways to separate themselves by
offering more and more. The latest marketing trend is to
advertise “lifetime” tile roofs.
The 2010 American Disabilities Act (ADA) guidelines for the Accessible Design for Recreation
Facilities were revised and sign into law on September 15, 2010. The law specifies certain
elements of design to ensure that individuals with disabilities are able to access and use
swimming pools, spas, wading pools, and other aquatic recreation facilities.
Elevators are critical elements of modern-day, multi-story buildings. Owners expect they will function as reliably as the sun comes up in the morning. Unfortunately elevators, just like any
other mechanical component, eventually fail.
Significant Assets within Condominium Associations means that the current total cost of major maintenance repair and replacement of the reserve components is fifty percent or more of the gross budget of the association, excluding the budgeted reserve contribution.
