|Re: Saving up for a capital expense||<– Date –> <– Thread –>|
|From: Elizabeth Magill (pastorlizmgmail.com)|
|Date: Wed, 4 Nov 2020 14:45:53 -0800 (PST)|
Do you have a capital expense in mind that wouldn't be in the reserves? We have two reserves--HOA reserves for buildings and Cohousing reserves for furniture, washing machines, lawnmowers, hot tub, etc. Things that cost not very much, more than a year's normal budget, and that we want to be able to purchase as needed, without having predicted it in the budget. But it's still "reserves". Everything else we do not carry over. Liz On Wed, Nov 4, 2020 at 4:49 PM Linda Hobbet <coho [at] lindahobbet.com> wrote: > 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 > > -- > VillageHearthCohousing.com > 706-202-7278 > coho [at] lindahobbet.com > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > > > -- -Liz (The Rev. Dr.) Elizabeth Mae Magill Pastor, Ashburnham Community Church Minister to the Affiliates, Ecclesia Ministries www.elizabethmaemagill.com 508-450-0431
Saving up for a capital expense Linda Hobbet, November 4 2020
- Re: Saving up for a capital expense Elizabeth Magill, November 4 2020
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