Many of you are in the process of completing your 2017 operating budgets for your boards/committees/commissions (constituencies). Most operating budgets consist of anywhere between 80-100 individual line items that will guide the association with its operations for the next year. Of these 80-100 line items your constituencies will debate heavily on 5-10 items since the majority of the other line items are governed by union labor rates and contract requirements. Here are a few questions: When you and your constituencies are reviewing the proposed budget, how much time is spent on analyzing your reserve budget? Are you making decisions on what the association will complete in the next five years? Are you analyzing whether current funding of the reserves is adequate to achieve all of the association’s goals? Finally, do you feel that your association is reactive rather than proactive with capital repairs/projects?    Read the article………….