A co-op's reserve fund reveals a lot about how well it operates. It sends a message about board planning, available resources and budgeting capabilities. Ignoring it is dangerous, and replenishing it takes planning and stick-to-itiveness. Mitch Unger, Controller and Principal of The Lovett Group, explains how one of their clients opted for replenishment and the way it accomplished it.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.