HOA Reserve Funding: What Percent Funded Means and How to Improve It
Percent funded is the one reserve number every owner should understand. Here is how it is calculated, with a worked example, and what to do when it is low.
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Assessments, reserves, special assessments and board reporting for community associations.
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Percent funded is the one reserve number every owner should understand. Here is how it is calculated, with a worked example, and what to do when it is low.
A special assessment is money owners paid for one purpose. The books have to prove it was billed fairly, collected properly and spent on exactly that.
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