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Financials
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Leveraging Your Reserve Fund
Author:
Toronto Condo News
Publication date:
February 24, 2021
Article Summary:
This blog discusses the importance of leveraging the reserve fund of a condominium corporation to maximize its benefits. It emphasizes the need for a strategic plan to guide the use of the reserve fund and ensure that it is used effectively to meet the corporation's long-term goals. The blog also provides examples of ways in which the reserve fund can be leveraged, such as investing in energy-efficient upgrades or using it to fund major repair or replacement projects. The importance of regular monitoring and reporting of reserve fund activities is also highlighted.
Keywords:
reserve fund, condominium corporation, strategic plan, long-term goals, energy-efficient upgrades, major repair or replacement projects, monitoring, reporting.
Source Citation:
Toronto Condo News
Leveraging Your Reserve Fund
February 24, 2021
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