ISBN: 978-1-59618-000-0
2005, 66 pages
Editor(s): Mitchell H. Frumkin, PE, PP, RS, MBA and Nico F. March, CFM
Item #: 0000
Retail Price: $25.00
Member Price: $15.00

The USA Patriot Act has changed the financial industry and had an impact on community associations' investments. This updated GAP explains what associations need to know to comply with new regulations. The revised text also addresses changes made by the AICPA that affect association's auditing and reporting procedures. A new appendix contains dozens of frequently asked questions. Also contains a summary of reserve fund laws state-by-state.

Reserves are essential to the successful operation of a community association-not just an extra expense. This guide contains everything you need to know to establish the right funds and invest them responsibly. (Previously published as A Complete Guide to Reserve Funding & Reserve Investment Strategies, GAP 24.)

Useful Charts, Sample Documents, & Appendices

• Sample Replacement Reserve Inventories
• Flowchart for Selecting Reserve-Inventory Components
• Flowchart of Preventive Maintenance Schedule
• Two Sample Investment Policies
• Representative Components of Replacement Reserve Inventories
• Sample 30-Year Cash Flow Showing Full Funding & Baseline Funding
• Laddered Portfolio Investments
• Investment Income Tax Treatment
• National Reserve Study Standards of Community Associations Institute
• Summary of State Reserve Fund Laws
• Questions & Answers about Community Association Reserves