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March 15, 2022 By admin

Reserve Funding Status Quo For 2022

**Update** On May 26th, 2022 broad changes were made to funding reserves and inspections.  Click to read about the major changes to reserve funding in Florida. Florida Reserve funding laws for condominiums and coopeartives will stay the same for at least another year (no changes were proposed for home owner associations).  This comes after several […]

Filed Under: Blog Tagged With: budgeting, qualifications, reserve study legislation

January 29, 2020 By admin

Reserve Funds: Expectations versus Reality

Most associations know that it is important to adequately fund their reserve items.  However, the reality of actually doing it is a different matter.  It takes time, effort, and political capital to properly fund reserves.  Reserve schedules should be examined every year and not left on a shelf to collect dust.  The political capital comes […]

Filed Under: Blog Tagged With: budgeting, effective reserve funding, Funding Reserves

August 30, 2018 By admin

Understanding Percent Funded of Reserves

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 Layman’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 […]

Filed Under: Blog Tagged With: budgeting, Funding Reserves, Percent Funded, Underfunded reserves

March 31, 2015 By admin

What Should Be in the Reserve Schedule?

The purpose of the reserve schedule is to disclose reserve information to members of the association in the annual budget.  The reserve schedule lists each reserve item, how much longer it will last (remaining life), how long it will last when new (useful life), and how much it will cost to replace (replacement cost).  Also […]

Filed Under: Blog Tagged With: budgeting, effective reserve funding, Reserve Study

July 31, 2013 By admin

Reserves Budgeting: Do’s and Don’ts

With budget season approaching, here is a quick list of reserve budgeting dos and don’ts. Dos: Look at your reserves yearly.  Some associations just reuse old numbers that are not realistic and are not based on proper data. Try to get the proper reserve items on the reserve schedule.  One of the most common mistakes […]

Filed Under: Blog Tagged With: budgeting, Reserve Study, reserve study checklist

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Most Popular Articles

  • What Your Reserves Do
  • Identifying Reserve Items
  • Reserve Study FAQs Florida
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  • Five Ways to Avoid a Special Assessment

Latest Posts

  • Sweeping Reserve Funding Changes for Condos and Co-ops
  • Reserve Funding Status Quo For 2022
  • Long Term Effects of Underfunding Reserves
  • Reserve Funds: Expectations versus Reality
  • 5 Ways to Turn Around Your Reserve Fund Situation
  • How Does Our Reserve Fund Compare to Other Associations?
  • Fannie Mae Reserve Funding Requirements

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Most Popular Articles

  • What Your Reserves Do
  • Identifying Reserve Items
  • Reserve Study FAQs Florida
  • Reserve Study Resources
  • Five Ways to Avoid a Special Assessment

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