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	<title>APM News Express &#187; reserve for repairs</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>
		<comments>http://www.apmnews.org/does-your-community-association-patch-pray-or-reserve-for-repairs/#comments</comments>
		<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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		<title>3 Ways a Community Association Can Take Advantage of Lower Construction Costs</title>
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		<comments>http://www.apmnews.org/community-associations-can-take-advantage-of-lower-costs/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 21:18:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Board of Directors]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[capital improvements]]></category>
		<category><![CDATA[lower construction costs]]></category>
		<category><![CDATA[lower costs]]></category>
		<category><![CDATA[reserve for repairs]]></category>

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		<description><![CDATA[The results of the Turner Cost Index report is a great reminder for community associations that this is a great time to plan for any Capital improvements and any repairs or replacements that may be necessary for their association. Construction costs, materials and labor are all down and cheaper than a year ago. ]]></description>
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