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What percentage of condo funds should be kept in reserves?

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We are going to exceed our annual budget and dip into reserve funds for a capital project.  Does this require a board vote?

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Are condo and HOA reserve minimums regulated by each state?

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Our HOA is not likely to get to 100% funded any time soon per our 2019 Reserve Study, what % do most HOA Boards consider to be adequate funding using the Cash Flow Methodology ? I am going to be satisfied if we can get to and maintain 50%, but what do others feel is a comfortable % level ?

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Our 2019 Reserve Study, what % do most HOA Boards consider to be adequate funding using the Cash Flow Methodology ??... I am going to be satisfied if we can get to and maintain 50%, but what do others feel is a comfortable % level ??.

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Condo Reserve Study for 2019 by Association Reserves

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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