One key feature that a reserve study should indicate is how well funded an association is. The way that is measured is by a term called percent funded. In Lehman’s terms, percent funded means how much money you have in reserves versus how much money you should have in reserves. The Community Associations Institute defines […]
Percent Funded
Why Percent Funded of Reserves is so Important
When reviewing a reserve study, there is a lot of information to comprehend. Important measures to note are the yearly funding totals and the fee per unit per month. Maybe the most noteworthy number to look at, however, is percent funded. Percent funded is a percentage that measures the overall health of an association. Percent […]