---
title: Can condo board move money from operating account to reserves?
description: "Can a Condominium Owners Association Board of Directors vote to and move a \"surplus\" of operating income into a reserve account?"
---

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# Can condo board move money from operating account to reserves?

| [Condo Reserves](https://www.condoassociation.com/blog/topic/condo-reserves) |   [Board of Directors](https://www.condoassociation.com/blog/topic/board-of-directors) |  

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## What do you think? Question:

Can a condominium owners association board of directors vote to and move a "surplus" of operating income into a reserve account?

Our board of directors declared there to be a surplus of $22,500 at at the end of the past fiscal year and voted to move that cash to the reserve fund. Is this legal or a proper financial practice? Isn't operating cash just that money collected for operations? If the operating account had unspent left over money shouldn't it be returned or credited to owners/members of the Association - not transferred to Reserves? Could a surplus be deemed a profit, when the surplus isn't identified as already encumbered (i.e. Waiting for an invoice for serves rendered or goods provided)?  Florida

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## What do you think? Answers (10)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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