December 13, 2010

Master Board to Consider Budget & Reserve Fund

During last week's Master Board meeting, Ed Markfort, a representative from Building Reserves, Inc. reported to the Board our current reserve fund status.  Mr. Markfort recommends a greater amount of money to be set aside in our Master Association's reserve account.  Reserve accounts are used to pay for long-term repairs and replacement of common elements including irrigation systems, the pool, activity center, and other amenities. 
The Board will consider Mr. Markfort's recommendations along with the rest of the Master Association's budget in the coming months.