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Establishment of a reserve fund for an association


Question:

This question is submitted by John L. out of South Carolina

 

We have a small community of 57 homes. An operating budget of approximately 30,000. We currently do not have a reserve fund. I am trying to establish one and need to determine an amount. We don’t have any amenities other than common areas. Could you help us?






 

 

Thoughts?

meadosw v2

 


Answers (11)

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