From cash in the bank to investments in stocks and bonds, how much should associations hold in reserve? And what mix of savings and investments should they hold?Experts generally recommend that six to 12 months of expenses be held in reserve, meaning 50% to 100% of expenses in reserve. That’s the “short answer,” Nat Bartholomew, partner at accounting and consulting firm Clifton Larson Allen, told CEO Update. But a specific answer depends on factors like the stability of an association’s revenues and its ability to tap members for extra funds in a crisis.The recent pandemic proved how critical it is for associations that are heavily dependent on in-person activities like meetings and… Read More