WHEREAS, the California Civil Code permits the board to transfer money from the reserve fund to the association's general operating account to meet short-term cash flow requirements or for other expenses, and

WHEREAS, the association incurred additional expenses not anticipated in the proforma operating budget for , and

WHEREAS, the board has determined that it will be in the best interests of the association to temporarily transfer money from the reserve fund account to the general operating account,

BE IT RESOLVED that at a noticed meeting of the board of directors of the _______________________________Association, heId on _____________ , ______________ the board voted that the President and the Treasurer are hereby authorized and instructed to transfer the amount of $______________________from the reserve account to the general operating account. The money transferred pursuant to this Resolution, shall be restored to the association's reserve fund not more than one (1 ) year from the initial date of the transfer and shall be repaid from the following source:

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Director

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Director

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Director