Saving up for a capital expense
From: Linda Hobbet (coholindahobbet.com)
Date: Wed, 4 Nov 2020 13:49:28 -0800 (PST)
Hi,

We are working on our first annual HOA budget. Our treasurer, who is experienced with budgets in business, says we can't carry funds over from one year to the next (except for the reserve fund). So how can we save up for a capital improvement that is more expensive than we can collect in one year? Is there a way other communities handle this?

Thank you,
Linda

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VillageHearthCohousing.com
706-202-7278
coho [at] lindahobbet.com

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