Condo Q&A: If our reserve fund is in great shape, can we borrow from it for day-to-day use?
Q. Our operating fund is at a very low level. We need to cover some extra expenditures that we were not counting on. Would it be legal for us to transfer some of the funds from our reserve fund into our operating account? Our reserve fund is at the level it is supposed to be at, according to the engineer. Read the Q&A………..