Reserve Study (Association Reserves #43707-0) — 2023 historical baseline

Title

Reserve Study (Association Reserves #43707-0) — 2023 historical baseline

Record date

Effective January 1, 2023 (site inspection December 2, 2021)

Publisher / source

Association Reserves (reserve-study provider)

Source type

Reserve study (PDF)

File type

application/pdf

Pages

—

Published

August 27, 2026

Archive record ID

reserve-study-2023-baseline

Association Reserves report #43707-0, issued 2022 for fiscal 2023, based on a December 2, 2021 site inspection. It reported the reserve as only 4.7% funded (classified “Weak”), a projected start-of-2023 balance of $35,362 against a fully funded balance of $757,345, an average deficit of $793 per unit (910 units), high special-assessment / deferred-maintenance risk, and recommended annual reserve contributions of $120,000. It is a historical baseline, not a current funding opinion.

• That the 2023 study reported 4.7% funded (Weak), a $757,345 fully funded balance, a $793 average per-unit deficit, and recommended $120,000 annual contributions, based on a December 2021 inspection.

• It does NOT establish a current percent-funded value: the study is stale (~5 years) and later reports show higher contributions but require an updated study to compute current funding.
• It does not establish wrongdoing; underfunding at that date is a planning/finance risk indicator.

Sets the historical reserve context. Later monthly statements report reserve contributions exceeding the study's $120,000 recommendation, but current percent-funded cannot be computed without an updated study.

• 2025 General Ledger with DetailView →

• An updated reserve study; the transaction-level reserve ledger; reserve-spending approvals; and reconciliation of the 46 reserve components (completed / deferred / repriced / superseded / unresolved).

Historical baseline only; 46 components and initial-year / first-five-year items remain to be reconciled against actual spending.

Original filename

Reserve Study by Association Reserves.pdf

File size / extent

3.7 MB

SHA-256

67E578B5B7761C3452161C96183424E630126B3DC895F0260698C18023C8D6DC

Complete or excerpted

Complete public copy

Redaction status

Reserve study; no personal data republished.

“Verified” refers to file provenance or capture integrity; it does not mean every statement inside the record is true.

No corrections or responses have been published for this record yet. Verified corrections and any full Board, management, vendor, or named-person response will be dated and linked here.