Question:
Can interest income on reserve accounts be included as operating income in an annual budget?
– Michael
Answer:
Hi Michael,
It is best not to commingle your reserves with your operating funds. That being said, you should check your governing documents to see if they permit the use of reserve fund interest on operating expenses. If you require further guidance, consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
