The following links will take you through a sample reserve study based on a real Association.
1- Cover, like all reports we start with a cover page which includes a photo that would best present your association.
2- Contents
3- Report, our report will be brief and to the point. It will provide information on methods used, assumtions made and conclusions reached.
4- Site Inspection Pictures, these pictures will present the visual condition of the complex at the time of inspection.
5- Components, all components will be listed with cost, life analysis and brief descriptions.
6- Annual Liability, the analysis for annual liability and fully funded totals are presented here.
7- Future Expenses, all expenses are listed based on the year they are planned to occur. Expenses are inflated by the rate of inflation when they are scheduled for future years in the study.
8- Cash Flow Analysis, the most important tool for Board of Directors and Management that provides financial planning for future of reserves.
9- Future Liability, percent funded is presented for the length of the study so you know how the reserves shape up in future compared with fully funded levels.
10- Reserve Allocation Categories, this chart will present the allocation of annual liability for each major category in the components list.
11- Summary, Association information summary & six-year funding plan is presented here.
12- 30-Year Funding Plan, Recommended 30-year funding plan & funding plan with no increases in the reserve contribution is calculated.
13- Disclosures, we finish with the reserve disclosure in the new format that is required to be mailed to all homeowners with the end of the fiscal year mass mailing and next year's budget.
