Fully funded balance means the current value of the deteriorated portion, not the total replacement value, of all the reserve components. The fully funded balance for each reserve component is calculated by multiplying the current replacement cost of that reserve component by its effective age, then dividing the result by that reserve component's useful life. The sum total of all reserve components' fully funded balances is the association's fully funded balance.
Fully funded balance means the current value of the
Fully funded balance means the value of the deteriorated
Examples of Fully funded balance in a sentence
Fully funded balance is the ideal amount that a CID should have if they have saved for the depreciation of all their components over the component lives.
More Definitions of Fully funded balance
Fully funded balance means the current value of the deteriorated portion, not the total replacement value, of all the reserve components. The fully funded balance for each reserve