Transfer Fees
Using transfer fees for reserve funding can be a risky method of reserving. You can not bank on the actual amounts collected and are dependent on the housing market. …
Level Funding Requirement
The Division of Condominiums, Timeshares and Mobile Homes DBPR’s recent interpretations of the Florida Administrative Code Rule 61B-22.0005 for a cash flow analysis be level reserve contributions to be considered fully funded …
Straight Line Funding
You need to be careful when computing reserves with the straight line method otherwise known as component funding. It is not as easy as it may seem. Things to watch out for are reserve components that are currently being replaced along with …
What Should Reserve Funds be Used For?
Reserve funds can be used only for repair, maintenance or replacement of the parts of the property that the association is responsible for such as roads, roofing, siding, fencing, painting, and equipment replacement. Reserve funds are often misunderstood as a slush fund …
