After receiving the reserve fund report, a condominium board must approve a reserve fund plan describing how much money is needed to top up and maintain the reserve fund based on the report. The plan will also set out how the condominium board plans to raise any extra funds  to meet the report’s recommendations. For example, through a special levy and/or increased condominium contributions. If you’re a unit owner, you must be given a copy of the reserve fund plan before the board can begin collecting any extra money to top up the reserve fund.