Nest Egg? Funding Condominium Reserves

Concerns About Reserve Shortfalls Are Growing, but Reserve Funding Levels – Not So Much

nest egg articleHeather Cozby, CPA was quoted numerous times throughout the cover article entitled “Nest Egg?” in the July 2013 issue of Condo Media magazine.

Click on the magazine cover to the right to read the article, which starts on page 32.

The article by Nena Groskind addresses the perennial problem of the lack of reserve funding for community associations.

Here is an example of a quote/interview piece from Heather used in the article:

“What many owners don’t recognize…is that building a strong reserve fund can improve the value of their units by making the community more attractive to prospective buyers. That logic will be more persuasive with some people than others, however. It can be difficult to persuade owners who have a short-term perspective to support the long-term reserve planning their communities need.”

For more information, visit the Resources page on our website.

Click below to access the article.

nest egg for reserve funds

About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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