What does it mean when reserves are fully funded?

Q: Our condominium board is adopting a budget next month and they claim reserves are fully funded, but there is clearly not enough funds in some of the categories to replace the component. What does “fully funded” mean?      Read the Q&A…………..


Related Articles

Condo leaders learn tips in light of shooting (FL)

The association presented the seminar in response to the shooting Oct. 3 of Jeremy Holland, property manager of The President

Residents allege condo leaders are cashing in on positions (FL)

The Department of Business and Professional Regulation is investigating an Oakland Park condo board for allegedly failing to release financial

Can the master association and sub-association levy fines for the same conduct?

Q: My homeowners association (HOA) has an owner that routinely disregards the rules, particularly rules concerning landscape maintenance. The master