by Mike Bossio, Treasurer
No surprises yet this year. We usually build up our Operating Fund at this time of year. The vast majority of our monthly expenses start in the spring with landscaping expenses leading the charge. As such, our Operating Fund is sitting at $180,853.90, up from $171,605.18 on January 01. The Reserve Fund is also up to $1,093,143.85, compared with $1,075,954.17 on January 01. Our monthly RF deposit was increased to $17,046.17 for 2021 in order to ensure sufficient money is available for the replacement of our roof shingles starting in 2026. Compare this to the $14,226.17 monthly deposit in 2020.
This year I will compare Reserve Fund actuals to the Reserve Advisors Anticipated Reserves (2018 Reserve Fund Planning report) on a Quarterly Basis rather than a Monthly Basis. Doing it on a Monthly Basis doesn’t provide a significant enough difference to warrant the amount of time it takes to generate the numbers. If there is an important change in our RF, such as an unexpected but required expenditure, I will report it here.
I will continue to keep you apprised of our performance on a monthly basis.
News 