RESERVE FUNDING
WHAT ARE BEST PRACTICES?
The Foundation for Community Association Research is proud to offer function-specific Best Practices Reports for the community association industry. The Foundation has developed best practices in select topic areas using a variety of sources including recommendations from industry experts and various industry- related publications.
The outcomes of the best practices project include:
• Documented criteria for function-specific best practices. • Case studies of community associations that have demonstrated success. • The development of a showcase on community excellence.
The benefits of benchmarking and best practices include: improving quality; setting high perfor- mance targets; helping to build confidence that stretched goals are possible; strengthening cost posi- tions; developing innovative approaches to operating and managing practices; accelerating culture change by looking outward; and bringing accountability to the organization. The Foundation’s entire catalog of Best Practices Reports is available at foundation.caionline.org as free downloads. Printed versions are for sale at www.caionline.org/shop. For additional guidance on analyzing, managing, funding, and forecasting association reserves, consult Reserve Studies and Funds GAP , Reserve Study Standards, Explanation of Reserve Study Standards, and CAI courses M-206: Financial Management and M-201: Facilities Management .
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FOUNDATION.CAIONLINE.ORG
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