The Guidelines for the Use of Reserve Funds are:
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- Projects costing $25,000 or more in any one year, or $75,000 or more spread over three years, are considered Reserve Fund projects.
- In addition to the dollar threshold of $25,000, projects that occur with less frequency than once every five years should be considered Reserve Fund projects.
- Projects must be related to the building exteriors and other common elements in order to be regarded as Reserve Fund expenses.
- Projects requiring ten years or more to complete should be where possible, divided into smaller projects that meet the criteria for being placed in the operating budget.
2012 Reserve Fund Analysis
2021 Reserve Fund Analysis
