Understand the Importance of Fully Funding Reserves
To determine the funding of an association’s reserves, most associations order a reserve study. A reserve study is a report completed by a professional with experience who gathers information on the association’s assets. Based on this report, a budgeting analysis is created to determine the annual reserve contribution needed in
Sundeep Jay
August 12, 2019
Reserve Study: A Roadmap to a Financially Healthy Association
Reserves are very important in the overall budgeting of the association’s assets. If you are a new board member, it will be to your benefit to investigate how your association has been calculating reserve contributions. Some associations use the services of a professional reserve study company, while others may have
Sundeep Jay
January 5, 2019