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	<title>APM News Express &#187; deferred maintenance</title>
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	<description>Community Association Property Management, Palm Beach Co., Florida</description>
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		<title>Is Your Community Association &#8220;Patching &amp; Praying&#8221; or &#8220;Reserving for Repairs&#8221;?</title>
		<link>http://www.apmnews.org/does-your-community-association-patch-pray-or-reserve-for-repairs/</link>
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		<pubDate>Thu, 22 Apr 2010 20:09:50 +0000</pubDate>
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				<category><![CDATA[Board of Directors]]></category>
		<category><![CDATA[Maintenance]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[deferred maintenance]]></category>
		<category><![CDATA[reserve for repairs]]></category>
		<category><![CDATA[reserve funding]]></category>

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		<description><![CDATA[Is “Patch and Pray” a substitute for the line item Reserve for Repairs in your community association’s budget?  Many community association budgets are being stretched thin due to lower revenues and rising owner delinquencies.  In order to combat this trend, Boards are either borrowing from their reserves to operate, not fully funding their reserves, or not making the necessary repairs and replacements that are deemed to be necessary by either state statute or by their documents.]]></description>
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