Fully Funded Balance & Percent Funded: How Healthy Is the Reserve?
This lesson is part of the course
In this lesson
You calculate the fully funded balance of every component, compare the association's real reserve with it as percent funded, and express the gap per unit.
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Lessons in this course
- Unit Shares & Monthly Dues: Splitting the Budget by Floor Area Locked
- The Operating Budget: Inflating Line Items, Contingency & the Total Increase Locked
- The Reserve Component List: Useful Life, Remaining Life & Future Cost Locked
- Fully Funded Balance & Percent Funded: How Healthy Is the Reserve? Locked
- A 15-Year Reserve Cash-Flow Plan: Growing Contributions, Big Projects & the Low Point Locked
- Closing a Funding Gap: Special Assessment vs Association Loan Locked
- Owner Accounts: Open Balances, Late Fees & the Collection Rate Locked
- Capstone: Next Year's Budget Package – New Dues per Unit and a Chart Locked