Friday, February 5, 2010

2009 Reserve Study

The 2009 reserve study has been posted in its entirety. In addition to the executive summary that was mailed to all homeowners with the annual budget this past November, this document contains funding options including one to fully fund the reserves and one to ensure that there is at least enough money to pay for repairs/replacements as they become necessary. Note that this second option will require increasing the reserve funding to 3 times its current level (coincidentally, back to where it was at the start of the 2008 fiscal year).

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