RDA provides reserve planning to country clubs across the country.
A reserve study is an integral tool for successful country club management. Country clubs must maintain a diverse range of facilities and amenities. After all, it’s these very facilities that club members pay the privilege to use.
While country clubs rely on annual member dues to cover maintenance costs, there are some costs that need larger funding. Country clubs must eventually replace or repair the components of common facilities, and a reserve fund can prepare these clubs for these expenditures.
A country club reserve analysis or study helps clubs determine the level of funding they need at any point in time. It includes an assessment of the club’s components and current funding balance, which are then used for country club capital planning. A reserve study basically tells you how much money you should have in your reserves and how much you must set aside each year to meet the correct funding level.
Without a reserve study, a country club would be operating without guidance. There would be no way of determining whether its reserves are adequately funded. Faced with a major expense, the club would then need to levy special assessments or take out a loan.
Reserve Data Analysis provides each client with an RDA report as part of our country club reserve studies.
Our report includes the following:
All of our reports are created using localized cost guides as well as economic and investment parameters. Throughout the process, all of our clients receive our full commitment and care. Our complete support and guidance continue through the entire year, so you can get in touch with us for any questions or concerns about budgeting and long-term planning.
Reserve Data Analysis offers four levels of service for private club reserve study. All levels come with the following:
An evaluation of remaining life and replacement costs for all components;
A detailed RDA report with an owner’s summary, budgeting charts, precise measurements of structures, and pictures of every component;
Help with determining the right funding strategy for your country club;
A one-hour free consultation and Q&A with club directors;
One free revision of your report; and,
Live support from our corporate office.
This level of service comes with a physical on-site walkthrough of your country club to determine the condition of your components and to take precise measurements.
This level of service comes with a physical on-site walkthrough of your country club to determine the condition of your components, but there are no measurements taken.
This level of service does not include a site visit or inspection but comes with a readjustment of your funding plan using your prior country club reserve fund study calculations to compensate for such things as inflation, price hikes on materials, investments, and yields on your investments.
This level of service does not include a site visit or inspection. Instead, you can save money and learn about your country club by conducting the inspection yourself. It includes a step-by-step guide through the collection process of components and measurements. Using the data you’ve collected, our corporate office compiles your measurements and validates your information to ensure no costly mistakes.
RDA’s self-made and self-contained software is a fully integrated management, computational, and projection tool. Our software allows for greater detail, more accurate projections, and more intricate computations without the limitation of a 20- to 30-year window.
Using this software, our report also comes with a 3D MODEL of your facilities with a detailed breakdown of square footage.