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Fund Status

Supposed to be a percentage measure that reflects the ratio of a current reserve fund position as compared to a fully-funded measure.

Presently difficult to trust this measurement as there are too many ways that each element variable it is calculated.

Best-practice depreciation reports calculate the fund standing based on the closing balance over the cumulative and adjusted closing replacement requirements for a fiscal-year.

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.