7 things you should know hoa reserve funds
Laws regarding Reserve Funding Levels, Reserve Studies and Reserve Contributions differ from state to state. Reserve Study Laws and Reserve Funding Legislation vary by state. Click here for an...
View ArticleCapital Improvements vs Reserve Fund Expenses
Capital Improvements: Capital improvements are projects where a new asset is added to the community. It is a project that, once installed, will then create operating expenses and future reserve...
View ArticleShould your HOA borrow from The Reserve Fund?
Should your HOA borrow from the Reserve fund? The short answer to this question is, “It depends.” In this article, we discuss the advantages (if any) and disadvantages of borrowing from the reserve...
View ArticleHow to Read A Reserve Study in 3-Steps
Over the years we’ve helped hundreds of clients prepare and plan for future expenditures with Reserve Studies. Reserve Studies serve as a “Road Map” to guide an association through the ups and downs of...
View ArticleDo Water Lines Belong In A Reserve Study?
When deciding whether a common area item belongs in a reserve study, refer to The National Reserve Study Standard four-part test: Is this item Association responsibility? Does this item have a limited...
View ArticleReasons to Contribute to A Reserve Fund
When it comes to adopting an operating budget, reserve contributions are far down on the list of items to include. A typical operating budget will include things like; utility bills, insurance...
View ArticleWhat is Percent Funded?
Do we have enough or too much money in our reserve fund account? This is a very common question board members and homeowners ask. In this article we will explain what percent funded level is and how to...
View ArticleHOA Reserve Fund Laws: A Beginner’s Guide
This article provides a brief guide about hoa reserve fund laws. You will find answers to common questions such as: Is a reserve fund required? How can we spend reserve funds? Is there a law...
View ArticleDry Wells in the Reserve Study
Dry Wells are designed to collect and dispose of storm water by allowing water to percolate into subsurface soils above the aquifer. All dry wells in Arizona must be registered with the Department of...
View ArticleHow often should a Reserve Study be updated?
A Reserve Study is a budgeting tool that assess the financial and physical health of associations. One of the responsibilities of the Board of Directors, is to act in good faith and in the interest of...
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