to reserve or not to reserve - associa presentation
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To Reserve or Not to Reserve
By Damian J. Esparza & Carole Murphy, CMCA, PCAM
October 15, 2011
Why fund the reserve?
The Law
“Google” Davis Stirling Act Reserve Study
Fiduciary duty
Improves Property Values
FHA Certification
Reviewing your 30 year funding
How to know if your association has a deficiency of reserves
Do you have adequate reserves?
Ways to handle the reserve deficiency
Increase Assessments
Special Assessments
Borrow the Money
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