Reserve Funds: Do You Know How Much Your HOA Needs?

Funding community operations is one of the most important functions of an HOA board. Typically, there are two types of funds in your HOA – operating funds and reserve funds.  Operating funds are used to take care of day-to-day operations. Examples of operating funds might be contracted services (gate, fence, lighting, security, etc.), utility expenses, accounting and legal fees, office expenses, or taxes and insurance.      Read the article……………..

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