The reserve study is a subjective evaluation report of the association’s financial and physical condition. The results of the Study is a product of facts and assumptions determined by the Preparer. The Board may request the Preparer to explain the Study to the Board and answer their questions. If the Board is not satisfied with the results of the Study, they may seek the services of another Preparer to review their Study and have that Preparer adjust as he/she may deem necessary.