While a reserve study is an independent assessment of the reserve account adequacy, typically completed by a reserve study professional, we also understand Board and Communities will have their own goals in mind. This is why we include in all of our reserve study fees a Boost Your Own Budget Reserve Excel Spreadsheet that is easy to navigate & edit and is set up in a way that you cannot alter the important formulas. Some of the functions in this spreadsheet include:
1. Annual Reserve Allocation Rates Amount Adjustable By Year
2. Annual Percentage Increases or Decreases to the Reserve Allocation Rates Adjustable By Year
3. Annual Interest Rates Adjustable By Year
4. Annual Reserve Cost Inflation Rates Adjustable by Year
5. Annual Tax Rate Adjustable By Year
6. Inclusion of Special Assessments, Loans or Other Income By Year
7. Extra Expenses By Year (e.g., one-time projects)
8. Component Useful Life, Remaining Useful Life and Cost Adjustable For Each Component
9. Include Additional Reserve Components
10. Unlimited Scenarios
11. Your Data & Decisions Kept Private
12. Mathematical Models & Graph that Automatically Adjusts to the Inputs As You Type
13. Easily Print Out
14. Share, Collaborate and Adjust in Real Time With As Many People As You Feel Appropriate
15. Works Online or Offline (online office 365 or on your computer without internet access)
We have found that many of the spreadsheets we come across have errors in the mathematical models/formulas so why not let us do the hard work for you. It's included in our reserve study fee already and allows you to spend time on actual budgeting decisions rather than trying to figure our appropriate implementation of formulas before to come up with your reserve budget scenarios.
