Reserve Fund HOA 9 17 17

Reserve Fund HOA

This fund is used for larger scale projects, such as replacement and repair in the homeowners association. These monies usually have strict criteria for how they are used based on community rules and regulations, bylaws and accountability.

A good way to look at the reserve fund is to understand it’s used to pay for expenditures that don’t occur on an annual basis. Some examples of reserve fund use are:

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