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Reserve Fund

The reference fund for reserve fund planning.

Strata finances are organised around an operating fund, a reserve fund and a special levies fund, if any.

The reserve fund is the other active fund required under the British Columbia Strata Property Act for strata corporations’ long-term major repair and replacement of common property assets.

The monies in the reserve fund are to be invested in regulated investment vehicles so as to maximise the interest accrued.

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.