One of the important topics discussed at this year's annual meeting was the 2016 update to the previous 2011 Reserve Study. We had hoped it would arrive in time for the meeting, but it did not.

The update will be published online as soon as it arrives.

Meanwhile, we are posting several background documents about reserve funds. Just click the download links to open each portable document file in a new window. You can then download and store any or all of them to your local mobile device or computer.

Document One: What Is the Reserve Study.pdf This brief overview explains why Associations like ours pay professionals to conduct a Reserve Study at regular intervals.

Document Two: Reserve Fund 2011.pdf This is a brief slide show that shows the funding estimates from the last study, and reserve fund balances from 2014-15 for comparison purposes. It also discusses Ohio Condo law in this matter, and explains the concepts of fully funding versus fully funded.

Document Three: Reserve 2016 Slides. pdf This pdf document details the recent capital asset repairs that have taken place over the last 30 months, here at SVCA.

Document Four: Reserve Cover Letter.pdf This cover letter was attached to the slide show sent to Reserve Associates earlier this year when the 2016 study was officially requested. It asks them to include our recent improvements, and weigh them against future repair costs specific to our local market. It is our hope that the new study will offer us more realistic—and manageable—funding estimates.

All future news items about the Reserve Study will also be stored here in this new category, for ease of access.

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