Reserve fund will get $421K infusion

GRF BOARD

by Emma DiMaggio

Communications Manager

The GRF Reserve Fund will get an infusion of $421,900 in the coming months, equal to the total of two monthly contributions that were deferred in late 2024 and have not yet been made up. The board approved the payment at its Nov. 25 meeting.

Despite a suggestion to make the payment in April to allow for more flexibility, the board ultimately chose to stick with the original proposal to make the payment in December after the GRF’s insurance down payment

RESERVE FUND, page 2 RESERVE FUND

from page 1

has been made, if the funds are available.

If the funds are not available, the payment will be made no later than February.

The GRF Reserve Fund is healthy with $12.52 million in funding as of the GRF’s October financial statement.

Reserve funding is used to maintain existing Trust property, and its uses are outlined in a multi-year master plan called the Reserve Study.

The plan is annually updated by an independent reserve analyst who evaluates community infrastructure and updates expected project costs based on market conditions.

Residents can view the 2026 Reserve Study on the CINC portal.