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Cash Resources

Cash resources are the total of monies available before major repairs and full replacement expenditures each fiscal-year.

From a cashflow perspective, the reserve fund monies on hand at the beginning of the fiscal-year consist of the carried-over closing balance for the prior fiscal-year, the investment income on that balance for the current year, the new reserve fund regular and special contributions, the new operating fund transfers, if any, and loan monies, if any.

About Author: Jean-François

With experience gained in construction, project management, field reviews, inspections, report writing and as strata president, J.-F. has cross-industry expertise guaranteeing that you will participate in a process geared to improving the corporation's finances and to setting the condo | strata board | council's planning to stand the test-of-time.