Has your Board, especially if it has a financial professional on it, ever looked with dismay at the low interest that a Capital Reserve Fund is earning? They may think that if they could get a better return on that Reserve Fund, then they could do more projects. Or they could reduce assessments.
This is when they ask about investing the Reserve Funds. Some of the questions that I get the most are:
- How can an Association invest their capital reserve funds?
- Does the Association need to keep its money in CDs?
- Can it invest in the market to get a better return?
Continue Reading Can an Association Invest Its Capital Reserve Funds?