In February 2020, a financial reserve study was conducted on behalf of the White Fence Farm HOA.
This reserve study is a physical and financial analysis of HOA common property that determines what components of common property will eventually require either major repairs or restoration, or complete replacement. Large, one-time contributions (special assessments) for these projects can be eliminated with development of a reserve fund through relatively smaller annual contributions. The physical analysis determines the existing quantities, conditions, useful lives and costs of the components. The financial analysis determines the reserves necessary to offset the future expenses.
Below are two documents to provide more information on this:
White Fence Farm Reserve Study – Summary
The full study document requires a password, which owners would have received via email. If you lost track of the password, please contact the board.