Reserve Data Analysis, Intl.

Articles & Useful Information

• Multipurpose Tool - Your Reserve Study is an important part of your association's budgetary process.  Following its recommendations should ensure the association smooth budgetary transitions from one fiscal year to the next, and either decrease or eliminate the need for "special assessments".
• Properly Funding Reserves - This author has always held the belief that the Board of Director's, has a responsibility to uphold decisions that are in the best interest of the community.  The community is not only comprised of present members, but also future members.  Any decisions made should not benefit the present membership at the expense of future members.  Unlike an individual determining their own course of action, the Board is responsible to the "community" as a whole.
• Reserve Funding Strategies - “Preparing the annual budget and overseeing the association’s finances are perhaps the most important responsibilities of board members.  The annual operating and reserve budgets reflect the planning and goals of the association and set the level and quality of service for all of the association’s activities.”
• A Call to Reason - Maintenance Plans and Oregon Legislation.  There has been a considerable amount discussion about the “Oregon legislation” requiring that all common interest developments have a “maintenance plan....”
• Calculating the Ideal Level of Reserves - This brief article explains the details behind the calculations used by RDA in determining the "ideal level of reserves" for a client at any one point of time.
• Calculating a Contingency Reserve - Contingencies are often used in the budgetary process as a “cushion” for unforeseen expenses which are not specifically detailed in the budget.  Contingencies are sometimes flat dollar amounts, however, most often are added as overall percentages to the total budget. 

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