Does the Board utilize a reserve study to schedule future maintenance projects and accurately forecast budget needs?
Riverside will work with you to get an up-to-date reserve study if your association does not currently have one. Then we will work with you to plan for upcoming maintenance and site improvements and accurately forecast your current and future budget needs. Are your Assoicaiton’s operating and reserve budgets inadequately funded or overspent? Riverside will analyze the operating and reserve budgets and actual expenditures over the current and past two years and suggest solutions for a balanced budget. We have worked with many communities facing issues with finances and helped them save many thousands of dollars which helped them avoid assessments and increasing dues. Does your current Board of Directors have a procedure to inform new board members of past decisions, actions and future plans to provide continuity of action? Riverside will study past Board meeting minutes to determine if management has succeeded in providing action to implement motions over the past two years and provide
