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Funding Goals

Regardless of of reserve fund planning benchmarking and best-practice recommendations, funding goals reflect the annual choices of condo | strata boards | councils regarding a strata corporation’s reserve fund.

There are a multitude of interpretations based on incomplete analysis and bias – unfunded, baseline, threshold etc.

Only two types of funding goals go beyond the baseline funding goal put in place by developers before a development is stratified and meet both legislated requirements and certifying associations’ methodologies – namely the statutory floor and benchmarked ceiling approaches.

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.