The Ideal Reserve Savings amount means that if each unit owner paid $173.63/month of their HOA dues to reserve funding, reserve funding would be on track to provide full funding to each project at the time the remaining life reached zero years.
Does that mean that the HOA would be 100% funded if each owner contributed this amount? The answer is no.... Why? The current funding level is 67.55%. Since the funding level is 32.45% below the full funding level, reserve savings must be increased by the amount of money suggested in the "Catch Up Per Month Per Unit" column. (See blog on
"Catch Up Per Month Per Unit").