Cohousing-L Mailing List: Re: Cohousing-L Digest, Vol 249, Issue 3

[Jack & Carolyn Salmon (2salmon]

At Quimper Village we fund at the amount recommended by the company that does 
our Reserve Study.  If we do something early, such as a recent repair and 
inspection of our common house heat pumps, we adjust for that particular item.

We consider funding reserves an important part of our fiscal responsibility, to 
ourselves and to future residents.  

Carolyn Salmon
former president and F&L team leader

> On Oct 4, 2024, at 3:16 AM, cohousing-l-request [at] cohousing.org wrote:
> 
>   2. Fwd: What is your community's reserve funding level? (S. Kashdan)
> 
> 
> 
> Message: 2
> Date: Fri, 4 Oct 2024 06:32:49 +0000
> From: "S. Kashdan" <s_kashdan [at] hotmail.com>
> To: "cohousing-l [at] cohousing.org" <cohousing-l [at] cohousing.org>
> Subject: [C-L]_ Fwd: What is your community's reserve funding level?
> Message-ID:
>       <DM6PR15MB426667EF1C7B14873A2B9B9199722 [at] 
> DM6PR15MB4266.namprd15.prod.outlook.com>
>       
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> 
> Hi fellow cohousing and other intentional community residents,,
> 
> Here at Jackson Place Cohousing in Seattle, Washington we are working on our 
> 2025 budget. In addition to budgeting for utilities, here in Washington 
> State, we are required to have a reserve fund to save for upcoming and future 
> maintenance and replacement of the elements owned by our condo. But the law 
> does not require a specific amount or percentage of funding of the reserve 
> savings.
> 
> So some residents are wondering how other cohousing and intentional 
> communities handle their reserves.
> 
> To help our discussions, we would appreciate it if you could let us know what 
> your community's reserve funding level is.
> 
> Thanks in advance for whatever you can tell me.
> 
> Cohousingly,
> Sylvie
> 
> Sylvie Kashdan
> 
> Community Outreach Liaison
> Jackson Place Cohousing
> 800 Hiawatha Place South
> Seattle, WA 98144
> 
> https://jacksonplacecohousing.org
> 
> info [at] jacksonplacecohousing.org
> 
> 
> 
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> End of Cohousing-L Digest, Vol 249, Issue 3
> *******************************************