Cohousing-L Mailing List: funding your reserves - what percent?

[Susan Hedgpeth (hedgpeth]

Hi again,

Still working on our budget.  Question came up, do other cohousing 
communities fund their reserves at 100% as we try to do?

We made the decision to do that because of the security it gave us 
(i.e., protection against future assessments) as well as being a 
selling point for future buyers.  But some community members have 
argued that it's not necessary and means our dues are higher than 
they would be if we didn't fund at 100%.

So I thought I'd do another little survey.   Can you tell me what 
percent you fund your reserves at?   If I can get the info today or 
tomorrow, I can take it to our meeting Sat. morning.

The following need not respond because you included the information 
in your response to my earlier question about HOA dues amounts:
Swan's Market - 100%
Oak Creek Commons - 95%

Thanks.
-Susan

P.S.  Thanks to everyone who responded to my earlier question about 
HOA dues.  This list is such a wonderful resource!



Susan Hedgpeth
Pleasant Hill Cohousing
Pleasant Hill, California, USA
(San Francisco Bay Area)
http://phch.org