FULL RESERVE STUDY (Required Every 5 Years)

1. Preparation of a Major Common Element Component Inventory in conjunction with governing documents and State Statutes
2. Determine Component Condition based upon an on-site visual observation
3. Determine the Use Life, Remaining Use Life
4. Determine the Valuation Estimates of Repair or Replacement
5. Determine current reserve account balance and budget projections
6. Determine current reserve account earned interest rates and inflation factors
7. Test the Current Fund Status and other Funding Plan using the Cash Flow Method
8. Develop and recommend a practical Funding Plan

These Studies address the normal deterioration of properly built and installed components with a predictable life expectancy. Catastrophic or events beyond reasonable predictability are not considered as a depreciable factor in this report.