Adams Stirling PLC
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RESERVES MENU

*Association's duties
 
RESERVE FUNDS
Authorized expenditures only
Bank accounts
Board duty to review
Borrowing from reserves
   -between line items
   -for litigation
   -requirements
   -sample resolution
   -to pay for amendments
Certificates of deposit (menu)
Check signing (two signatures)
Depleting reserves
Duty to fund reserves
Excessive reserves
Fannie Mae guidelines
FHA requirements
Funding Levels
   -100% funded
   -bank loans (menu)
   -consumer warning
   -diverting contributions
   -duty to fund reserves
   -FHA requirements
   -fully-funded
   -funding plan
   -rule of thumb
   -underfunded (pdf)
Interest
Investment policy (menu)
Pool of funds
Prioritizing reserve spending
Taxes
Tight budgets (webinar)
Two signature rule
Unexpected reserve expense

INVESTING RESERVE FUNDS
See "Banking" menu


RESERVE STUDY
*Study required
   -altering the study
   -correcting errors
Annual disclosure
Capital improvements
Certification
Diligent visual inspection
Elements of the Study
   -component inventory
   -funding plan
   -summary
Frequency of study
Life expectancy of components
National Reserve Study Standards
Professional reserve analyst
Reallocating funds
Reserve Line Items
   -golfing greens
   -insurance deductible
   -plumbing
   -slopes
   -speed bumps
   -trees
   -turf replacement
Reserve specialist
Small associations
Visual inspection
 
RESOURCES
Int'l Capital Budgeting Institute
 
RELATED MENUS
    Assessments
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    Fees
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