---
title: Establishment of a reserve fund for an association
description: We currently do not have a reserve fund. I am trying to establish one and need to determine an amount.
---

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# [Establishment of a reserve fund for an association](https://www.condoassociation.com/blog/establishment-of-a-reserve-fund-for-an-association)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Mon, Feb 19, 2024 @ 03:30 PM

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?

<https://www.condoassociation.com/condo-loan-inquiry>

 

[View full post](https://www.condoassociation.com/blog/establishment-of-a-reserve-fund-for-an-association)

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