If the Unappropriated Members’ Equity is positive, can the Board spend it?

Yes, if the Association has greater than 20% of annual assessments in Unappropriated Members’ Equity, the Association can use the amount over 20% of annual assessments. However, this account is not a bank account and it is possible that the Unappropriated Members’ Equity is funded by assets other than cash (such as fixed assets).

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