A place where Arizona HOA board members & owners can voice opinions, solutions, recommendations, & seek advice on anything HOA related. Your voice is a powerful tool. You only hurt yourself by not using it. With no system of checks & balances within HOA Boards, pointing out how thier actions effect us is the only way to fix it.
"We in America do not have a government by the majority. We have a government by the majority who participate." Thomas Jefferson
"You don't achieve harmony by everyone singing the same note" - Doug Loyd
Showing posts with label Fully Funded Reserves. Show all posts
Showing posts with label Fully Funded Reserves. Show all posts
Does your board know how to calculate the amount needed to be fully funded? It isn't as easy as one may think. You cannot take the figures calculated on the Cash Flow Specific Projections or the Distribution of Accumulated Reserves Schedules and use them as the amount needed to be fully funded. Unless your community as been following the study to the letter and the amount in the reserve fund at year end when the study was done was correct.
