What maintenance work can be funded from the replacement reserve?
The Standardized List of Replacement Items lists items you can
pay for using replacement reserve funds, including:
-
Appliances: dishwashers, dryers, fridges, wall ovens, stoves,
washers
-
Flooring: carpets, linoleum/vinyl (suites and common
areas)
-
Heating: furnace, boiler, electric heat, hot water tanks,
water/oil pumps
-
Interior Structure: air conditioning, countertops
-
Painting: exterior painting, exterior trim painting, interior
painting (suites and common areas)
-
Paving: driveways
-
Roofing: roof replacement
-
Window Coverings: blinds, drapes, awnings
-
Exterior Structure: balcony coverings, deck and deck
coverings, fencing, playground equipment, security gate
-
Other: fresh water pump, sewage/pressure/relay
See chapter six of the Financial Management Guide for more
information on replacement reserves