If you took a look at the 2014 budget, you may have noticed the large line item for “Transfers to Reserves”. This post explains the difference between Reserve Funds and Operating Funds.
How an HOA Board Should Use the Reserve Fund vs. Operating Fund
If you took a look at the 2014 budget, you may have noticed the large line item for “Transfers to Reserves”. This post explains the difference between Reserve Funds and Operating Funds.
How an HOA Board Should Use the Reserve Fund vs. Operating Fund