Cohousing-L Mailing List: Saving up for a capital expense

[Linda Hobbet (coho]

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