Author: admin

Should your HOA borrow from The Reserve Fund?

Should your HOA borrow from The Reserve Fund?

Should your HOA borrow from the Reserve fund? The short answer to this question is, “It depends.” In this article, we discuss the advantages (if any) and disadvantages of borrowing from the reserve account. Every state has different rules regarding borrowing from the reserve account. For example, in California it is possible to borrow from…

Read More Read More

Capital Improvements vs Reserve Fund Expenses

Capital Improvements vs Reserve Fund Expenses

Capital Improvements: Capital improvements are projects where a new asset is added to the community. It is a project that, once installed, will then create operating expenses and future reserve expenses. A good example of a capital improvement type expense would be the installation of tennis courts when they do not already exist. Capital improvement…

Read More Read More

7 things you should know hoa reserve funds

7 things you should know hoa reserve funds

Laws regarding Reserve Funding Levels, Reserve Studies and Reserve Contributions differ from state to state. Reserve Study Laws and Reserve Funding Legislation vary by state. Click here for an interactive map and complete list of Reserve Study laws by state. In the absence of specific legislation regarding Reserve Funding, associations should refer to their governing…

Read More Read More

© 2019 Reserve Studies For HOAs