Owners like to see money come home. We do too. We also like a house that can take a water heater without a scramble. Those two wishes share a page: the reserve.
How much is enough
Enough that an ordinary failure does not become a capital event. Not so much that the money is sitting idle for a renovation you have not decided to do. We will say where we think you are, in sentences, not in a chart you have to interpret.
Spending it
A reserve that is never used is a tax on the year. A reserve that is emptied for cosmetics is a risk on the next year. The test is: would we still sleep if this broke next month?
Talking about it on the fifteenth
The statement should show the reserve and the reason it moved. If it did not move, that is also worth a line.