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A follow-up on your comment about not spending it in current year. Each year the association creates a list of capital projects funded from the built-up reserve fund, so there is actual spending each year, but the monthly capital reserve is not meant to pay for in-year spending but to build a reserve designed to keep the expected future capital needs (20 year horizon) funded at 70%. Does this change how I treat the capital reserve payments?
‎October 15, 2022
11:23 AM