As a board member, you’re responsible for maintaining the financial health of your association. Key components of this task include creating a reserve fund and conducting regular reserve studies. A reserve fund is money set aside by a community association for additions to major components the association is obligated to maintain and future replacements and repairs that don’t occur on an annual basis. Read the entire article……………………………….
Related Post
October 21, 2021
September 13, 2012
February 26, 2024
Comments are closed.