Calculating the Fully Funded Reserve Amount

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. 

What motivates your board members decisions?

Some may see previous posts as ranting.  I see it as releasing frustration caused from a board who doesn't listen to reason, logic, professionals, owners when the facts are in front of them.  For that reason, they deserve to be used as an example of how personal obsessions cause narrow minded, unreasonable, & illogical decisions which is behavior more representative of a child assigned to be a hall monitor, verses a responsible adults.  High School student councils function more professionally and efficiently than most HOA boards.  I would think that the embarrassment alone would stop the behavior, but it doesn't. 

So we have to approach it from a different angle and recognize how individuals think.  Being aware of the type of behavior to watch out for in others and themselves we can have a better understanding about what motivates them.  In using the stupidity of my HOA boards actions as examples, of how dysfunctional personal agendas cause a board to become and prevent a community's progress. I hope it causes more people to want to serve on HOA boards for the purpose of returning morality, values, honesty and action based on the greater good of the whole, back to communities.  As our focus on environmental issues and cost savings measures change so does our way of thinking about things.  We cannot change one without the other following. 

This knowledge can help to put struggling associations on the path to success and set the standard by, which all other communities are judged.  As volunteers, I believe that the duty to them should be held to higher standards, because their actions directly affect the affordability of the community.  Just because they are volunteers does not mean their ignorance should grant them immunity or allow them to act like a child with ADHD.  A judge once said (cannot remember who said it), "ignorance of the law is no excuse."  Meaning there is no such thing as an innocent mistake when acting as a fiduciary for an entire community.  After all you did volunteer.  That is just my belief.