Sentences with phrase «reserve fund»

In our view, the wording of section 93 (2) allows for the use of reserve fund monies for all costs related to major repairs and replacements.

The first lesson addresses the history and legislative basis for reserve fund studies for property managers and owners of commercial real estate.

We also have large reserve fund for future repairs (which is good).

If a charity had less than three months in reserve funds, it lost points for having too little.

Think about minimal rent increase, to be held as reserve fund.

He has pushed for districts to consider consolidation and pay freezes as well as dipping into reserve funds.

Maintenance fees include your Water, trash, electric, (central A / C) flood insurance, phone, cable, internet, sewer, contribution to capital reserve fund.

The bulk of the cost would be covered by reserve funds.

The survey also reveals that schools continue to use reserve funds in record amounts to plug budget deficits.

That income has been supplemented in recent years with reserve funds, as well as proceeds from the sales of missionary housing and other property overseas.

When asked to consider these questions, I often think about the condominium's «natural» reserve fund contribution.

They are also ideal for accumulating a cash reserve fund, where funds can be easily accessed for emergencies, such as a major car repair or a big medical expense.

The state requires a school district's reserve fund balance not exceed 4 percent of the next year's actual spending.

The bill to address that shortfall would make up to $ 25 million from the state's reserve funds available to bridge the gap.

If you currently have problems keeping tabs on your finances, then you probably should not consider utilizing a home equity loan for emergency reserve funds.

This has left several condominium associations with depleted reserve funds and unpaid operating expenses.

Self - insuring is a way to reduce your insurance costs by maintaining an adequate insurance reserve fund.

These budgets allow the residents to understand where their association dues are being spent and whether or not sufficient reserve funds are being held for large projects to maintain the community.

Any excess above 4 percent is supposed to go toward lower property taxes, increased reserve funds, pay for one - time expenses or lower debt.

Throughout this course, students will be guided through the process of creating a comprehensive reserve fund study report.

Not everyone sees a healthier reserve fund as justification for lowering the premium.

At the same time, a state aid increase and use of reserve funds helped the vast majority of school boards stay within the property tax cap.

It's helpful to distinguish a life reserve fund from a true emergency fund, which we've also built up over the last 10 years.

Wait to reserve funds once the house is complete and the date is within 45 days of closing.

But federal rules require the agency to maintain a 30 - year reserve fund for all the insurance it has in force plus maintain an additional 2 percent reserve on top of that.

Among the strategies for adhering to the capacity limit will be transferring and spending up to $ 500 million from the debt reduction reserve fund, the report said.

The district also had established an employee benefit accrued liability reserve fund, which held about $ 6 million, which it does not need, the report said.

Significant progress was made on building working capital and operating reserve funds equivalent to six - months of operating expenses.

That's because some charities build up massive reserve funds that sit in investment accounts for years.

If you're considering building a similar reserve fund, I'd recommend starting with the end in mind.

Best Friends has opened our disaster response reserve fund to help in these efforts.

Here's what I mean by that: to me, the «natural» contribution is the condominium's normal annual contribution, assuming a normal reserve fund balance.

By maintaining a personal reserve fund you are allowing yourself to acquire some of your risk.

We have been assisting associations in determining the optimal target for the short - term operating funds and the long - term reserve funds.

How does having a designated reserve fund collecting dust and 1 % interest in some bank benefit me in either situation?

Always anticipate these costs by setting aside about 10 % of your rental income into a repair reserve fund.

The end result should be a coherent, consistent, logical reserve fund study report based upon conclusions that are appropriately supported by a professional analysis of relevant property and market data.

Once you have completed your education requirements, you should be confident to complete reserve fund study reports for real estate clients.

This project requires students to select a subject building and prepare a simple reserve fund study.

When a brokerage is contracted to hold and administer their strata corporation client's contingency reserve funds, these funds must be held in a brokerage trust account.

A thorough review of an association's cash flow over a five - year period would help set the level of reserve funds to operating expenses.

He said schools have an billion and a half dollars in reserve funds and leftover monies from the federal stimulus program, which ended last year, enough to cover the reductions.

Reducing teaching assistants, cutting back on equipment and dipping into reserve funds were the main ways school leaders sought to patch up budget holes.

The museum is raising $ 175 million to help cover construction costs, provide an operating and capital reserve fund, and establish an endowment.

This covers expenses such as exterior building maintenance, snow and garbage removal, landscaping, common area insurance, management fees, and reserve fund contributions.