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Reserve Fund
Also referred to as a "funding envelope"

The owners' account that contains the accumulated reserve contribution
, which is typically determined by a reserve study (depreciation report).

The amount of money in the reserve fund is reflected on the balance sheet and the annual reserve contributions are shown on the operating budget.

The reserve fund may hold two types of reserves:
  • Capital reserves
  • Non-capital reserves (such as painting and contingency)

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