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& Suggestions for Associations


By Simon Fox, Regional Director, Associa Chicagoland


When an Association wishes to consider its reserve fund investment strategies, it should always ensure that it has commissioned an up-to-date reserve study.


A reserve study completed by a reserve specialist will help the community to identify the long-term and short-term requirements of the community. The community can implement a funding program when the needs have been adequately identified. Next, the plan should consider how to properly collect and manage monies for the various capital projects that may lay ahead.


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