Your association is charged with the responsibility to maintain certain facilities. Many of these are infrastructure facilities that don't have any counterpart in the private sector. In addition, you operate and maintain buildings, rolling stock, recreation, and other equipment.

Associations have the rather difficult task of being required to charge user assessments that do not exceed costs (no profits), yet include complete cost recovery (no losses). While most associations do an excellent job of analyzing current costs, most do a less accurate assessment of their long-term system replacement costs. That's where we come in. We have performed hundreds of Reserve Studies since performing our first one in 1982. The goal is to produce an accurate financial projection that considers all factors affecting the ultimate long-term repair or replacement of fixed assets; those items generally not subject to the annual operating budget.