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Are Reserve Contributions in Excess of “Actual Costs”?

A California client asked a very interesting question. California law (Civil Code 1366.1) specifically limits associations from collecting assessments in excess of the actual costs for which the funds are being collected.

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Adequate Reserves – (Finally!) Defined

Many, if not most Governing Documents require the Board to set aside “adequate Reserves” to care for the common areas.

Blog

A Reserve Study Mistake to Avoid!

Many times in a Reserve Study you will see multiple assets grouped together, like all the roofs on all buildings.

Article

Sustainability of Facility Stewardship at Your Church

Article

Roadmap to a Sound Financial Future

Article

Proactive & Penny Wise