Reserves

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We have a reserve analysis. Now what do we do?

2020-09-02T17:49:44-05:00

By Dale Gifford, PRA, RS, PCAM, AMS, CMCA Regional Project Manager, Complex Solutions, LTD - Silver Sponsor 2020 Each board member should review the reserve analysis and note any questions they may have.The board should then meet and go over the reserve analysis as a group. After this meeting theboard should reach out to their professional reserve provider with any of the questions thatcame up during individual and group review. During the review of the reserve analysis the board should look at each component and see if there is any better information available. This may be an updated installation date, updated [...]

We have a reserve analysis. Now what do we do?2020-09-02T17:49:44-05:00

Inheriting a Financial Mess

2020-08-04T16:21:05-05:00

By Dale Gifford, PRA, RS, PCAM, AMS, CMCA Regional Project Manager, Complex Solutions, LTD - Silver Sponsor 2020 I was just elected to the board. I have read the reserve study and we are so far behind. How willwe ever catch up? As a new board member you may have inherited the financial mess that others have created.Unfortunately some associations are in a less than ideal financial situation. It is important foryou to properly perform your responsibilities as a board member, and to try and get theassociation on the right track to an ideal financial position. As a board you need [...]

Inheriting a Financial Mess2020-08-04T16:21:05-05:00
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