Association reserves requirements

Filed Under: About AIGA , governance

For purposes of financial stability, AIGA has set specific goals for net quick assets or working capital from operations.

Consistent with ASAE guidelines, AIGA seeks to maintain at least three months’ equivalent of nondiscretionary expenses, which has been estimated at a minimum of $1,300,000. Net quick assets are calculated as the difference between operating assets and operating liabilities, plus the bond repayment escrow sum.