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

[Linda Hobbet (coho]

Thank you to the people who answered my question, both on and off the 
list. It's interesting to see how many different ways communities manage 
their budgets and resources.

Many of the answered focused on the Long-term Reserve Funds for 
replacing existing infrastructure in the future as it is predicted to 
wear out. I probably wasn't clear enough that I am asking about how to 
save up for new capital improvements. When we value engineered our 
construction plans we had to cut out a lot of things we couldn't afford 
at the time. That doesn't mean we don't want them at some time but how 
do we save up for something we can't afford in one year.

Thank you,
Linda

On 11/4/2020 5:45 PM, Elizabeth Magill wrote:
> 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

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VillageHearthCohousing.com
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coho [at] lindahobbet.com