WWS 2010 Budget - Reserves

The first phase of the budget process involves planning for reserves. Reserve funds are monies set aside for high dollar expenditure items and long range projects that are done infrequently. Reserve projects most often involve the following types of expenditures: Roof, Road/Pavements, Painting, Swimming Pools, Tennis Courts, Machinery and Public Utility.

Some reserve items: Roof, Swimming Pools, Road/Pavements


A portion of each maintenance fee paid is put into reserve funds. For 2009, that amounted to approximately 15% of each maintenance fee payment or 15 cents of every dollar.

The balance in reserve funds is reported monthly in the financial report.
We have been building reserves steadily since the end of the roof project in 2007. The balance in reserve funds on July 31, 2009 was $708,792

The Budget Committee has recommended we consider using a pooled technique for handling our reserves starting in 2010. This technique considers cash flow requirements on a pooled reserve fund instead of treating each reserve item as a separate account. The owners must accept this type of reserve accounting by a majority vote in order for WWS to transition to this method.

The Budget Committee presentation is available here:

2010 Budget Reserve Presentation
It is also posted on the right column of the President's Blog page on the website.

The next Budget Committee meeting is scheduled for Tuesday September, 15 at 9AM in the Wildewood Springs office.