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Terry Lowney

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Association Finance: How Much Cash Should You Have in Reserve?

Posted by Terry Lowney on 7/29/13 11:19 AM

I’m not quite old enough to have seen the television commercials for Fletcher’s Castoria children’s laxative when they aired in the ‘60s. They carried the memorable tag line “Better than Prunes.” The commercials asserted that Fletcher’s Castoria was better than prunes because Fletcher’s removed the guesswork: “are three prunes enough, are six too many?”

Okay, this is a strange segue into a key association finance topic, but as an association management company our clients do frequently ask us how much of a cash reserve they should have on hand. Are three months (of average operating expenses) enough; are six months too many?

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Topics: Starting an Association, Association Management, Cash Reserve, Finance, Association, Association Management Company



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