What makes up the Dunes West Reserve Budget?

The Reserve Budget is comprised of three funds as allowed by the Dunes West CC&R’s. 

• Replacement Fund – The largest fund is the Replacement Fund, which is prepared by a professional consultant to ensure adequate dollars are saved and set aside to replace/upgrade all of the assets owned by the DWPOA as these approach the end of their useful life. This assessment is now performed yearly (at different levels of scrutiny) to recommend the amount of replacement monies to be set aside for the yearly budget. Nearly 80% of the funding is set aside to maintain the DWPOA owned roads and drainage system. 
• Capital Fund – The second fund is the Capital Fund, which are monies set aside to fund possible future projects agreed to yearly by the DWBOD in the five year planning session. This effort has been performed each of the last six years. 
• Emergency Fund – Finally, there is the Emergency Fund, which is in place to ensure we have the structure and ready cash to recover from a natural disaster that one day may impact the Dunes West community. The DWPOA also has a letter of credit for an emergency loan to further fund a recovery effort.