Template
Reserve fund explainer for owners
An owner facing explainer a board can circulate: what the reserve fund is, what the study says, and why the contribution changes.
Boards spend more time explaining the reserve fund to owners than any other subject. This is the explainer, written for owners rather than for directors, that a board can send as it is.
What is in it
What the reserve fund pays for and what it does not. What a reserve study is and who writes it. Why the contribution goes up. What percent funded means, and why it is not a grade. What happens to a corporation that underfunds for a decade.
The tone
It assumes no financial background and it does not soften the arithmetic. Owners tend to accept a contribution increase they understand and resist one they were simply told about.
How to use it
Send it with the funding plan notice, or with the budget. It is written to be read once by somebody who did not want to read anything.
File request
Send it to me
We email the file to the address you give us and we store that address and the fact that you asked for this template. The marketing consent below is a separate question and the file does not depend on it.
Or skip the template and use the product
Board Butler carries the editable version, already filled in with the corporation's own numbers, and enforces what the policy says rather than filing it.