How three co-ops used two tried-and-true methods to fill out their reserves.
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returned by “Reserve Funds”
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ArticleTopicsColumn TypeIssue
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Feeding the Reserves
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Saving Money for a Gas Leak
Be ready for the unexpected – and bulk up your reserve account.
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Leading the Way: Board President Russell Raman, 230 E. 50th St.
An important task for boards is building a strong and healthy reserve fund – even if the methods are unpopular.
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Leading the Way: Board Secretary Mary Kerr, 427 St. Johns Pl.
What happens when your management company absconds with your reserve fund?
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A Co-op Consolidates – and Protects – Its Reserve Fund
An Ultra Money Market bank account offers co-op and condo boards FDIC insurance beyond $50,000.
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Trouble Can Be an Enticing Challenge to a Manager
Two fixes are a realistic budget and a healthy reserve fund.
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How to Use a Reserve Study
A reserve study is a budgeting tool that can help boards plan for building system replacements.
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Your Dream Come True Could Turn Into a Nightmare
Not raising maintenance over the long term is not always something to boast about.
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Are Your Reserve Funds Being Properly Handled?
If a board member personally invests co-op funds, watch out.
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The Reserve Fund
The reserve fund: you have one, what do you do with it?
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