Morrison Hershfield’s extensive experience in Reserve Fund Study preparation resulted in a quality financial tool for planning of future expenditures.  The study included a visual review of all the facilities, allowing for the estimation of life expectancy and replacement costs of the various components.   This information was used to create a 25-year cash flow scenario, which predicted the contribution levels required to ensure funds were available to complete major repair and replacement of the facilities.

Specifically, Morrison Hershfield:

• Determined the property for which the Homeowners Association was responsible
• Conducted visual review of the property to assess current condition
• Provided life expectancies and replacement costs of each item included in the Study
• Created cash flow scenarios to fund the anticipated replacement schedule