Best Practices Report: Reserve Funding

ACKNOWLEDGEMENTS The Foundation gratefully acknowledges the contributions of the task force members who developed and updated this material: 2026 Task Force Contributors

Task Force Chair Michelle Baldry, rs , Reserve Advisors, llc , Arlington, Va. Robert W. Browning, pcam , rs , Browning Reserve Group, Carmichael, Calif. Patrick Costello, esq ., Costello Sury & Rooney, Oakbrook Terrace, Ill. Richard B. Emery, rs , Associa Hawaii, Honolulu Mitchell Frumkin, pe , rs , Kipcon, North Brunswick, N.J. Co-Lee Grev, ams , pcam , rs , Association Reserves, Eaton, Ohio Robert J. Koop, cmca , ams , pcam , RTI/Community Management Associates, Plano, Texas Joyce Sachs, 1219 W. Wynnewood Condominium Association, Wynnewood, Pa. Patricia Staebler, rs , Staebler Consulting, Bradenton, Fla. Orest Tomaselli, Strategic Inspections, Port Washington, N.Y. Past Contributors Robert W. Browning, pcam , rs , Browning Reserve Group, Carmichael, Calif. Mitchell Frumkin, pe , rs , Kipcon, North Brunswick, N.J. Sandra Matteson-Pierson, lsm , pcam , Jupiter, Fla. Peter B. Miller, rs , Miller-Dodson Associates, Annapolis, Md. Robert Nordlund, rs , Association Reserves, Westlake Village, Calif.

John P. Poehlmann, Milwaukee Theodore J. Salgado, Milwaukee Research Committee Chair

Marc Tamres, Homerun IQ, San Francisco Foundation President, 2026-2027 Ursula Burgess, esq ., CCAL Fellow, Rees Broome, P.C., Tysons Corner, Va. Staff

Dawn M. Bauman, cae , chief executive officer, Community Associations Institute, Falls Church, Va. Jake Gold, cae , executive director, Foundation for Community Association Research, Falls Church, Va. Samia Galani, coordinator, Foundation for Community Association Research, Falls Church, Va. Daniel Brannigan, senior director of publishing, Community Associations Institute, Falls Church, Va. Cori Canady, vice president of communications, marketing & creative, Community Associations Institute, Falls Church, Va. Joni Lucas, editor, Community Associations Institute, Falls Church, Va. The Foundation for Community Association Research is a nonprofit affiliate of Community Associations Institute, the professional organization representing those who manage, govern, advise, and live in 375,000 common interest com- munities throughout the United States. The Foundation’s mission is to provide authoritative and reliable research and reports on the operations of the common interest community industry and its community associations. This document is intended to provide reliable information regarding the subject matter covered. It is provided with the understanding that the publisher is not engaged in rendering legal, accounting, risk management, or other professional services. Readers should consult qualified professionals for appropriate advice on relevant matters.

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