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Sun City West committee affirms FI‑12 reserve fund strategy after staff briefing
Summary
The Budget & Finance Committee discussed and expressed consensus support for the FI‑12 reserve fund strategy, after staff reviewed cash‑flow projections and a multi‑year reserve plan; members asked for HR vacancy metrics and historical realized‑loss details to inform future budgeting.
The Budget & Finance Committee of Sun City West certified that the association’s reserve fund strategy (policy FI‑12) remains appropriate after a staff briefing and discussion on Dec. 18.
Director Becknell asked the committee for consensus that the reserve fund strategy complies with FI‑12 and is suitable given the association’s cash‑flow needs. Multiple committee members spoke in support. "I support the current FI 12," one member said during the roll call for consensus, and others echoed…
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