Reserve Study

A reserve study is a budget planning tool that identifies the components a community association is responsible for maintaining or replacing, the current status of the reserve fund, and a stable and equitable funding plan to offset anticipated future major common-area expenditures. This limited evaluation is conducted for budget and cash flow purposes.

Tasks outside the scope of a reserve study include, but are not limited to:

• Design review
• Construction evaluation
• Intrusive or destructive testing
• Budget reconciliation
• Accounting services
• Preventive maintenance plans
• Structural or safety evaluations