Cohousing-L Mailing List: Re: Community finances/ reserves

[Danny Milman (danny]

Hello.

At Berkeley Cohousing, we have just had a consultant complete a reserve
study that assumes that we will make 3.5% after taxes in interest on our
reserve account.

Our current account is in a "very safe" investment and therefore is making
less than 1% in the current economy.

This is probably a bad week to ask these questions, but:

1)  What types of accounts do other communities keep their reserves in?

2)  How "risky" are the investment instruments being used?  (I guess all of
them are right now given the market.)

3)  What interest rates are other communities using as the assumption in
their reserve studies?

with money in hand,
Danny Milman
Berkeley Cohousing - California

danny [at] cohousingco.com



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