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Association Reserves New eBook & online tool help HOAs safely tap their Reserve Fund in times of financial shortfall

Association Reserves New eBook & online tool help HOAs safely tap their Reserve Fund in times of financial shortfall

To survive temporary disruptions to cash flow, planned communities may want to consider their Reserve Fund as a resource.

WESTLAKE VILLAGE, Calif., Oct. 14, 2020 /PRNewswire/ — As the Coronavirus pandemic drives unemployment to a record high, Association-governed communities are bracing for higher than normal delinquency rates among their homeowners. Volunteer Boards across the country are all asking the same question: “Can we use our Reserve Account to cover an Operating Fund shortfall?” This includes Boards of Condominiums (Condos), Common Interest Developments (CIDs), Cooperatives (Co-ops), Community Associations (CAs), Homeowner Associations (HOAs), Property Owner Associations (POAs), Planned Unit Developments (PUDs), Townhome Associations (Townhouses), and Vacation Ownership Resorts (VORs).  Robert Nordlund, PE, RS, and Founder/CEO of Association Reserves, Inc. advises that relying on Reserves to help manage a temporary cash flow disruption must be done with great care. His eBook & online tool help Boards facing operating fund shortfalls make wise decisions about Reserves.

Boards across the U.S. are all asking the same question: “Can we use our Reserve Account to cover an Operating Fund shortfall?”

Reserves to the Rescue? eBook

Nordlund outlines four steps to take before an association-governed community even considers tapping into Reserves to fund operations:

  1. Assemble Financial Information (i.e., Bank Balances, Delinquencies)

  2. Review/Adjust the Operating Budget

  3. Maximize Communications & Collections

  4. Confer with legal counsel regarding Governing Document or state-level restrictions

If the Board elects to tap Reserves, that decision will come under intense scrutiny. It will be vitally important that a proper process of decision-making be both followed and documented.

uPlanIt- online Reserve Funding tool

uPlanIt gives Boards a way to forecast various “what-if” scenarios related to their most recent Reserve Study, such as:

  • What if we re-prioritized our Reserve expenses?

  • What if we temporarily reduced Reserve contributions?

  • What if we borrowed money from Reserves?

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Halloween Isn’t Canceled! Creative Ways to Celebrate Safely at Home This Year

Halloween Isn’t Canceled! Creative Ways to Celebrate Safely at Home This Year



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Halloween is just around the corner, which means we are all gearing up for our usual tricks and treats in this not-so-usual time. With the COVID-19 pandemic looming large, it can be hard to know how to celebrate. But just because this Halloween is going to look different doesn’t mean that it has to be boring or lacking in any way. Talk to your kids about what they love about Halloween and get their input. From there, you can decide — together — what is going to be the most fun for them!



a person wearing a costume: Candy usually reigns supreme on Halloween, but this year safety comes first amid the coronavirus pandemic


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Candy usually reigns supreme on Halloween, but this year safety comes first amid the coronavirus pandemic

Need some ideas? From socially distant spooky activities to at-home fun for the whole family, we have compiled a list of fun ways to celebrate safely.

Turn Your Home into a (Temporary) Haunted House



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There’s no time like the present to lean into outfitting your home for the holiday! By making it a fun activity for the family, you’ll get everyone excited to spend time at home. You can even make your house a haunted house. The Amazon Alexa is a great tool for this: Just ask Alexa to open spooky sounds  and set your smart plug on a timer (so you can make the ambiance as spooky as possible). You can even do some ghost-busting — simply ask Alexa to “launch Ghost Detector.”

Pick Out a Pumpkin and Have a Family Carving or Decorating Night



a man and a little boy that is standing in the grass: Getty


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Heading to the pumpkin patch can be a safe outdoor activity to take part in with your little ones (just be sure to stay six feet from others and mask up!), but if you’d prefer, you can order

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