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. 

Suntree, What a Waste!

Don't let your HOA board become filled with excuse makers who spend money without changing anything.  Suntree HOA has board members who believe the standard answers given by the landscapers.  Owners complain about water running into the street when the lawns are watered.  Without even checking it out the board or landscapers automatically say, it's water run off and the lawns need aeration.  Aeration is the standard answer given by landscapers before they ever check it out to see what others are seeing.  Oh wait, they never see what others see because they set the water schedule to go off at 2 am then change it to go off at midnight and 2 am.  Instead of water running into the gutters and puddling without running off once a night it does it twice a night.  Not only is this wasting water but is damaging the joints under the street that connect the asphalt and concrete gutters.  It's a double whammy!  Not one person has ever ever known why the city has an issue with water running off onto the street.  So, now you know!