We have a Statutory Association with 80 payers assessed each year. We created a Contingency(Savings) fund a few years ago to plan and prepare for replacement/repair of 2 bridges that provide access to and out of the Pond.  We just had our annual meeting and have voted to conduct a Watershed survey next spring. Wondering if is it OK to use the money from our contingency fund to help with the cost, build matching funds for any possible grants, and help with preparing for the exorbitant cost of bridge repair of replacement?

I would think it would depend on exactly how your contingency fund was described when it was set up.  What did its stated purpose include?  If you don't have something in writing defining it, perhaps the answer is to have the members vote on whether that is an appropriate use of the funds.