One of the most widely asked question by the condo community association board Treasurer is how much should be in the reserves. Another typical question which is essentially the same is “How much should our association put away into the reserves as a part of our annual budget”? The answer is far from simple especially given the fact that there are no state or local laws that require any type of reserve requirements in the State of IL. Read the article……………..
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For board members of homeowners and condo associations in Florida, addressing disaster preparedness and safety/security…