Out Pocket of HOW TO SELL THE RESULTS OF A RESERVE STUDY WITHOUT A REVOLT BY H. ALAN MOONEY, P.E., RS YOU ARE A BOARD PRESIDENT and you just found out that your association needs $200,000 to replace the clubhouse HVAC system. Your operating budget has no contingency funds and your reserve fund (which only gets occasional contributions) only has a balance of $50,000. What do you do now? No one wants to be in such a situation, but without a good, independent reserve fund study, you are at risk. January 2021 CONDOMEDIA 15