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8 Essential Things You Need to Know About Reserve Funds & Studies

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5 3. WHAT CAN HOA RESERVE FUNDS BE USED FOR? HOA reserves are meant to be used for big expenses. Some states, like California, have strict laws against using reserve funds for regular, everyday expenses. Always reference your governing documents as well as your state laws before allocating any reserve funds. In general, reserve funds expenditures often include, but aren't limited to: • Roof replacements • Pool pumps • Playground equipment • Common area fencing • Painting of community-associated buildings • Major landscaping projects • Construction and major renovations • Road and sidewalk resurfacing 7 6 5 4 8 9 10 11 3 2

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