their research and bids to the relevant committee, where a smaller group of directors and members can dive deep into the details. If a project is particularly complex, a committee may delegate a specific task to a smaller subcommittee to save time, and dive deeper into the proposed project, but the goal remains the same: “show the work.” By the time an item leaves a committee, it has been reviewed

reserve studies and creating individual plans for each one. Fifteen years later the same questions are still relevant to new residents and board members in the community. What are reserves? Reserve funds are money that an association sets aside for large repair and replacement projects to address ongoing, measurable deterioration of common area assets. While reserve funds are held in bank accounts,