{"id":40,"date":"2019-09-02T22:05:02","date_gmt":"2019-09-02T22:05:02","guid":{"rendered":"http:\/\/goldenconsultinggroup.com\/?page_id=40"},"modified":"2019-09-13T20:22:29","modified_gmt":"2019-09-13T20:22:29","slug":"reserve-study","status":"publish","type":"page","link":"https:\/\/goldenconsultinggroup.com\/?page_id=40","title":{"rendered":"Reserve Study"},"content":{"rendered":"\n<h5><span style=\"text-decoration: underline; color: #800000;\"><strong>Comprehensive Reserve Study<\/strong><\/span><\/h5>\n<p><span style=\"color: #000000;\">A full <strong>Comprehensive Reserve Study<\/strong> includes verification, quantification and a visual conditional assessment of each component. The study will identify all the common area major components such as: roofs, painting, siding, paving, lights, landscaping, etc&#8230; for which the association may have maintenance responsibility for per the governing documents.<\/span><\/p>\n<p><span style=\"color: #000000;\">This study will assign an &#8220;average&#8221; life expectancy and replacement and\/or repair cost to each component. Golden Consulting Group will also provide a 30 year maintenance funding plan per\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/www.davis-stirling.com\/HOME\/Statutes\/Civil-Code-5300\" target=\"_blank\" rel=\"noopener noreferrer\">Civil Codes \u00a75300 (b) (2) (3) (4) (5)<\/a><\/span>, <strong>\u00a0\u00a75565, \u00a75560 and \u00a75570;<\/strong> and any necessary updates\/revisions to the study at no additional cost to the association. See<span style=\"text-decoration: underline; color: #0000ff;\">\u00a0<a style=\"color: #0000ff; text-decoration: underline;\" href=\"http:\/\/www.dre.ca.gov\/files\/pdf\/re25.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">DRE Reserve Study Guidelines<\/a><\/span><\/span><\/p>\n<p><span style=\"color: #000000;\">Our comprehensive reserve study report includes 30-year maintenance and funding analysis, which will identify the following:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Inventory of Major Components<\/span><\/li>\n<li><span style=\"color: #000000;\">Replacement Costs<\/span><\/li>\n<li><span style=\"color: #000000;\">Visual Condition of Major Components<\/span><\/li>\n<li><span style=\"color: #000000;\">Average Life Expectancy<\/span><\/li>\n<li><span style=\"color: #000000;\">Historical Data (if available)<\/span><\/li>\n<li><span style=\"color: #000000;\">Estimated Remaining Life<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Allow Golden Consulting Group to perform a comprehensive reserves study and receive\u00a0<em><strong>Free annual reserve study<\/strong><\/em> updates which takes place for each year between each comprehensive reserve study which is required every 3 years per David Stirling per Civil Code <strong>\u00a75550.<\/strong><\/span><\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Most studies can be completed and emailed for approval within 14 business days after the on-site visual inspection.<\/strong><\/span><\/h4>\n<h5><span style=\"color: #800000;\"><span style=\"text-decoration: underline;\"><strong>Annual Reserve Updates<\/strong><\/span><\/span><\/h5>\n<p><span style=\"color: #000000;\">Annual reserve updates take place for each year between each comprehensive reserve study which is required every 3 years per Davis Stirling per Civil Code <strong>\u00a75550.<\/strong> The Board should review the update and shall consider and implement necessary adjustments to the boards analysis of the reserve account requirements as a result of that review.<\/span><\/p>\n<p><span style=\"color: #000000;\">The annual reserve update includes:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Adjustments to the depreciation period of the useful life and remaining life.<\/span><\/li>\n<li><span style=\"color: #000000;\">Evaluate and adjust estimates of repair or replacement to current costs.<\/span><\/li>\n<li><span style=\"color: #000000;\">Update current reserve account balance and budget projections.<\/span><\/li>\n<li><span style=\"color: #000000;\">Update current reserve earned interest rates and inflation factors.<\/span><\/li>\n<li><span style=\"color: #000000;\">Update the 30 year maintenance funding plan.<\/span><\/li>\n<li><span style=\"color: #000000;\">Update the annual assessment &amp; reserve funding disclosure summary per <strong>\u00a75570<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">An annual reserve update is to bring to date an existing approved reserve study only. actual expenditures may vary from estimated amounts therefore, amounts accumulated in the replacement fund may not be adequate to meet future needs.<\/span><\/p>\n<h5><span style=\"color: #800000;\"><span style=\"text-decoration: underline;\"><strong>Going the Extra Mile<\/strong><\/span><\/span><\/h5>\n<p><span style=\"color: #000000;\">Get <strong>free<\/strong> annual reserve updates, when your association accepts our comprehensive reserve study service agreement.<\/span><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Even if you don&#8217;t qualify for a GCG free annual reserve update, we will be happy to prepare your association&#8217;s annual reserve update for a <span style=\"text-decoration: underline;\">low flat fee<\/span> of $125.<\/strong><\/span><\/h3>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong> <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/goldenconsultinggroup.com\/?page_id=134\">Contact us<\/a><\/span> today for more details.<\/strong><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/40","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40"}],"version-history":[{"count":14,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/40\/revisions"}],"predecessor-version":[{"id":189,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=\/wp\/v2\/pages\/40\/revisions\/189"}],"wp:attachment":[{"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenconsultinggroup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}