Cohousing-L Mailing List: Re: replacement reserves, part two

[David Mandel (dlmandel]

----- Original Message -----
From: "Kathleen K. Groshong" <kkgrosh [at] attbi.com>
To: <cohousing-l [at] cohousing.org>
Sent: Friday, October 25, 2002 8:21 PM
Subject: [C-L]_replacement reserves, part two


> I'd like to expand my original request re: information on replacement
> reserves.  Here are some additional questions:
>  1)  What planning assumptions are your cohousing communities using with
> your replacement reserves costs and schedule?
Our best educated guesses as to when various items will need to be replaced
or when we will likely choose to replace them when there is some leeway.

> 2)  What's your reserves inflation factor?
We've been assuming 3%. This would change, of course, if inflation rises.

> 3)  What's included on your schedule-is it only big ticket replacement
items
> or other items as well?
No, some small ones too, like repainting the interior or common buildings,
replacing light fixtures, fences, tools, paying for termite inspections
every 3 years. ...

> 4)  Are you assuming full replacement costs or something different?
Full replacement of most things.

> 5)  What investments are you making to get some interest income from your
> set-aside dollars?
Some tax-free municipal bonds and bond mutual funds, mostly. And a tax-free
money market fund for more liquid funds.

> 6)  Any other sources of revenue besides dues, interest income from bank,
> etc.?
Nope.

> 7)  Can you tell it's budget season here?
Yep.
>
David, Southside Park. Sacramento


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