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Ashley Dietz Gray, VP Marketing Aug 20, 2020 1 min read

All About Reserves: Watch these 2 Virtual CEU Courses on Reserve Funding

Maintaining and contributing to Reserve funds is specifically designated within the Florida Statutes as a means of planning and preparing financially for maintenance, repair, and replacement of common area assets in a community association. Separate from an association’s Operating account, Reserve accounts are to be used for specific types of expenses, and not co-mingled with the association’s normal Operating account.

We recently held two virtual CEU courses with Will Simons, RS from Association Reserves.

 

These courses touched on the following items:

  • The reasoning and purpose for separating the two types of accounts
  • Discuss best practices for budgeting
  • Discuss what a reserve study is, and how such studies are used during an association’s budget planning
  • Why have reserves? Examine the pros and cons of Associations with well-funded Reserve accounts.
  • Detailed explanation and analysis of the differences between the two methods of reserve fund budgeting: Straight-line method and the pooled method.

You will not receive CEU credits, but you can view both recordings from the CEU courses below:

Fundamentals of Reserves: https://www.youtube.com/watch?v=Tnbg5YfYIts&feature=youtu.be

Reserve Study: Road Map to Reserves:  https://www.youtube.com/watch?v=ryle3MyH_Cc&feature=youtu.be

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Ashley Dietz Gray, VP Marketing

I graduated Summa Cum Laude from Florida Atlantic University in 2010 with my BA in Communications. Upon graduating, I honed my skills in the field by working as a Media Assistant at WPBF-25 and at ESPN760. I began working at City County Credit Union in 2011 as the Marketing Coordinator. Currently, I handle the marketing at Campbell Property Management.