The board approved the study. The funding plan went into the budget. Then the bookkeeper posted one lump transfer a month and moved on. HOA reserve accounting is the practice of recording reserve dues, interest, and spending in a separate fund. Under FASB ASC 972,...
Structural Integrity Reserve Study Florida: What SIRS Means for Your Ledger Your engineer just sent a 90-page report. It lists roof, plumbing, and paint costs in six figures. Now the board wants one answer: what goes on next year’s budget line? A structural...
HOA Reserve Fund: How Much Should Your HOA Be Saving? Every community association will eventually face a six-figure repair. The roof ages out, the elevator fails, the parking lot crumbles, the pool needs a full resurface. When that day arrives, the only question that...
