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Revealing The Transparency Of A Reserve Disclosure


By Denise Dana, RA, RS


or the budget process to be transparent, common interest community board of 


information to the membership prior to ratifying the budget. In addition to the summary of the budget, a supplemental reserve disclosure helps to illuminate the adequacy of the current contribution rate, the recommendations from the latest reserve study, and the trajectory of the proposed budget.


28 Community Associations Journal | September 2020 What To Include


 outlined in Sections 4 (a – g) of both RCW 64.34.308 and RCW 64.38.025 shall include:


Current Funding Information


 Budgeted annual contribution to reserves for the current 


   Percent fully funded as of the date of the most recent reserve study


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