---
title: Refund leftover funds to owners, or keep in reserves?
description: Logically, the board's intention is to refund the overpaid funds. Or once a special funded assessment is paid, does it become the HOA's to use for any upcoming projects?
image: http://www.condoassociation.com/hubfs/excess-reserve-funds.jpeg
---

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# Refund leftover funds to owners, or keep in reserves?

| [Condo Reserves](https://www.condoassociation.com/blog/topic/condo-reserves) |   [Texas](https://www.condoassociation.com/blog/topic/texas) |  

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## What do you think? Question:

![excess-reserve-funds.jpeg](http://www.condoassociation.com/hs-fs/hubfs/excess-reserve-funds.jpeg?width=259&height=194&name=excess-reserve-funds.jpeg "excess-reserve-funds.jpeg")Our condo HOA approved funds for a special major project.

 After the project completed, total costs came in significantly lower than contractor had bid-estimated, leaving approximately $2,800 of over payment per unit.

Logically, the board's intention is to refund the overpaid funds. Or once a special funded assessment is paid, does it become the HOA's to use for any upcoming projects? Or, is that particular money identified for only that project?

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## What do you think? Answers (5)

#### 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. *  
  

## Related Posts

### [Can assessment funds raised for one project be re-allocated to another?](https://www.condoassociation.com/blog/can-assessment-funds-raised-for-one-project-be-re-allocated-to-another)

### [What if we fund our HOA reserve by only 50%?](https://www.condoassociation.com/blog/what-if-we-fund-our-hoa-reserve-by-only-50)

### [Is HOA board obligated to regularly fund reserve?](https://www.condoassociation.com/blog/can-hoa-board-members-deposit-funds-into-reserves)

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