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Four Reserve Rules

Four Reserve Rules

May 2, 2022 | Article, Association Boards, Blog, Chapter Happenings Sponsor, Common Interest Communities, Community Associations, Financial: Money, Banking, Insurance, Reserve Funds, Reserve Studies

THERE ARE FOUR RULES OF RESERVES that associations should know. Our company has pioneered foundational concepts & principles and provided extensive educational materials to the industry for over 35 years, but all can be distilled down to the rules below as the heart of planning for reserve projects at your association. Fundamental education is key to all of our success, as board members and professionals come and go over time.

Blog: Efficient Audits - Chapter Happenings Sponsor - Newman Certified Public Accountant PC

Efficient Audits

ASSOCIATIONS WITH DECEMBER 31ST YEAR ENDS make up a large share of annual audits. There is often intense pressure on ...
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Blog: Reserves & Inflation - Chapter Happenings Sponsor April 2022 - Association Reserves WA

Reserves & Inflation

THE CONSUMER PRICE INDEX IS at a 40-year high of ~ 7% as of this writing. As we all know, ...
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Blog: What To Know About Mold - April 2022 Chapter Happenings Sponsor - Superior Cleaning & Restoration: A COIT Services Company

What To Know About Mold

We do not recommend handling mold by yourself. Hiring a professional mold remediation service to get rid of mold is ...
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Blog: Annual Audits - Chapter Happenings Sponsor - Newman HOA CPA Audit & Tax

Annual Audits

WHAT is an audit? The objective of an audit is to provide an opinion about whether the financial statements present ...
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Blog: Six Signs Your Pipes Are Stressed - Chapter Happenings Sponsor - SageWater

Six Signs Your Pipes Are Stressed

OUT OF SIGHT, out of mind? Since most of your community piping is hidden behind walls, it’s all too easy ...
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Blog: Your Association’s Year End Accounting Review - Chapter Happenings Sponsor: Newman CPA

Your Association’s Year End Accounting Review

Most associations have fiscal years that end on December 31. If an association does not obtain an independent audit by ...
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Blog: Indoor Air Quality Tips - Chapter Happenings Sponsor: Superior Cleaning & Restoration

Indoor Air Quality Tips

At COIT, we believe that indoor air quality is an important aspect of any healthy home and business and the ...
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Blog: Application of the 10/25/2021 King County Public Health Order to Common Interest Communities - By Jan 2022 Chapter Happenings Sponsor Rafel Law Group, PLLC

Application of the 10/25/2021 King County Public Health Order to Common Interest Communities

The King County Public Health Officer issued an order on September 16, 2021, effective October 25, 2021. The Local Health ...
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Blog: Fund Accounting For Associations - Part of Reading Financial Statements Series© - Jan 2022 Chapter Happenings Sponsor Newman CPA

Fund Accounting For Associations

Whether preparing an annual budget or a reserve study, it is important to know how much money is available to ...
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