---
title: What's a reasonable amount of cash on hand for a condo association?
description: Does our condo association have an excessive amount of cash on or retained earnings?  What is the formula?
---

[Skip to content](https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx#main-content)

# What's a reasonable amount of cash on hand for a condo association?

| [Budgets & Finance](https://www.condoassociation.com/blog/topic/budgets-finance) |  

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

## What do you think? Question:

I have a question about retained earnings. Our [condo association](https://www.condoassociation.com/CondoAssociation/tabid/83434/Default.aspx) presently has what I consider an excessive amount of retained earnings on our balance sheet . We have in excess of $60,000 plus $29,000 in working capital plus monthly revenue of $41,000 to meet a monthly [condo association budget](https://www.condoassociation.com/blog/tabid/19257/Default.aspx?Tag=Budgets) of $41,000. Obviously we have made a profit against expenses every year (2 to 5%), in spite of this we have continued to raise [condo maintenance fees](https://www.condoassociation.com/blog/tabid/19257/Default.aspx?Tag=Condo+Fees) . What should be considered a reasonable amount of retained earnings ? Is there a formula to be considered ?

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx>

## What do you think? Answers (3)

#### 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

### [What's an acceptable holiday bonus or tip for condo and HOA managers?](https://www.condoassociation.com/blog/whats-an-acceptable-holiday-bonus-or-tip-for-condo-and-hoa-managers)

### [What to do when no one wants to be on the condo association board?](https://www.condoassociation.com/blog/tabid/19257/bid/93691/What-to-do-when-no-one-wants-to-be-on-the-condo-association-board.aspx)

### [What would you like to see on condoassociation.com in 2022!?](https://www.condoassociation.com/blog/what-would-you-like-to-see-on-condoassociation.com-in-2022)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "dateModified" : "2024-10-01",
  "datePublished" : "2024-10-01",
  "headline" : "What's a reasonable amount of cash on hand for a condo association?",
  "image" : [ "" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.condoassociation.com/blog/tabid/19257/bid/11620/What-s-a-reasonable-amount-of-cash-on-hand-for-a-condo-association.aspx",
    "@type" : "WebPage"
  }
}
```