HOA Resource Library

By Tyler P. Berding, Esq.

Berding & Weil, LLP

There is a continuing debate in community associations over how much cash an association must set aside to adequately fund its operations and reserve accounts, and at what level the assessments must be set to obtain that cash from the members. Boards of directors frequently face the dilemma of whether to raise monthly assessments in the face of member resistance, or to defer funding certain budget line items--typically reserve funds--to a later time.

Homeowner association managers can help boards of directors by providing information and resources to help directors decide on the best course of action for each community.

Download this file (Is_Reserve_Funding_Mandatory.pdf)Is_Reserve_Funding_Mandatory.pdf[ ]161 kB

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