A Reserve Study assists the management and the Board of Directors to plan for future expenditures. A Reserve Study is an in-depth analysis and on-site inspection of an Association’s assets, and projects a financial road map for the Association going into the future.
The Reserve Study consists of two parts:
- Physical Analysis: This portion of the Reserve Study assesses the physical condition of community areas that the Association is responsible for maintaining and repairing. It also includes an analysis of the useful life and the cost of repair or replacement.
- Financial Analysis: This portion of the study assesses the Association’s financial health, such as its revenues, expenses and reserve fund balance.
Below are two Reserve Reports for the current calendar year. Annually, the Reserve Study is updated and reviewed with the Board of Directors to determine funding percentages, contributions and expenditures.
The Marina Reserve can be found in the Marina section of the website. If you should have any questions, please contact the General Manager.