April 2016

MANAGEMENT TRENDS... from page 65.

of each and every amenity should be included in the community’s cap- ital reserve or deferred maintenance reserve. Managers should insure that when reserve updates are done, everything that needs to be included is in fact included. In addition to long term planning for replacements and repairs, regular maintenance requires annual budget planning. Tennis nets, basketball nets and individual play- ground components may seem minor, but they need replacement on a regu- lar basis and a contingency should be provided in the operating budget for all that is needed. The amenities included in a commu- nity likely provided at least part of the reason community association home- owners purchased their homes in the first place. Maintaining those ame- nities in a manner that provides an attractive, well maintained and prop- erly (safe) operating facility should be considered one of the foundational pillars of good community manage- ment. n

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