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Reserve
StudiesWe are CAI designated Reserve Specialist #14
and have earned the title of Professional Reserve Analyst with the APRA
(Association of Professional Reserve Analysts). In accordance with California Civil Code 1365,
our firm prepares Reserve Studies with Physical Inspection and Reserve Study
Updates.
Our reports include:
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A detailed
30-year projection of
components, replacement costs, annual funding, and cash balances |
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Budgetary recommendations |
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Three possible funding
projections |
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Simplified summary page suitable for mailing to
homeowners |
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Preparation of
the annual Assessment and Reserve Fund Disclosure Summary |
A
partial list of California Civil Code sections relevant to HOAs:
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1363
- Definition of Common Interest Development and Associations |
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1363.05
- Common Interest Development Open
Meeting Act |
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1363.5
- Required Documents |
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1365 - Financial
Records & Reporting |
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1365.5
- Operating and Reserve
Accounts |
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1365.2.5
-
Assessment & Reserve Funding Disclosure Summary |
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1365.7
- Volunteer Officer or Director Liability |
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1365.9
- Insurance Coverage |
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1366
- Levy of Assessments |
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1368
- Documents to be provided to new homeowners |
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