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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
MANAGEMENT
TRENDS...
from page 65.
INTERESTED IN
SUBMITTING
AN ARTICLE
FOR
COMMUNITY TRENDS®?
Contact Jackie Olszewski
at CAI-NJ
at (609) 588-0030 or
for more information.