---
title: Are condo association costs drawn from capital reserve fund?
description: I live in an over 55 Condominium Association that has 120 units in 3 buildings. There is a reserve fund study that is about 7 years old.
---

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# Are condo association costs drawn from capital reserve fund?

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## What do you think? Question:

I live in an over 55 Condominium Association that has 120 units in 3 buildings. There is a reserve fund study that is about 7 years old. This past year (2012) the Board spent approximately $19,000 out of the Capital Reserve Fund account. The monies were spent on Landscaping, Irrigation, Lighting and security system maintenance. Are these expenses allowed to be charged to the Capital Reserve Fund account?

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## What do you think? Answers (9)

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

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## Related Posts

### [Condo association financial management and IRS Resolution 70-604](https://www.condoassociation.com/blog/tabid/19257/bid/29411/Condo-association-financial-management-and-IRS-Resolution-70-604.aspx)

### [Condo association reserve funds are "tanked out"](https://www.condoassociation.com/blog/tabid/19257/bid/22445/Condo-association-reserve-funds-are-tanked-out.aspx)

### [Condo board wants to spend all reserves prior to new assessment](https://www.condoassociation.com/blog/condo-board-wants-to-spend-all-reserves-prior-to-new-assessment)

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