The board of directors are considering doing away with an onsite manager, is this ok?

The yearly revenue for our condo association is $400,000 and they currentlly pay out $42,000 for management & accounting. Their reason for considering it is "cost of position may be excessive in relation to other priorities." Right now they are funding all their priorities with a yearly reserve contribution of $54,000. Is this figure not proportionate for a brick condo association with 16 buildings, 12 units per, one tennis court, a pool, and a clubhouse with weightroom and sauna in the state of Virginia? What is everyone's opinion and please cite your qualifications. Thanks.

They are funding their priorities IN ADDITION to contributing the reserve fund.

You first need to determine what the other important job roles are that should supercede this. I clearly believe that onsite managers are crucial. They may not manage marketing, accounting, or legal, but they do manage the key aspects of what is driving in money.

An onsite manager can have multiple jobs as well. Just outline the job and perhaps you can save even more money while maintaining productivity and good income.